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Course Content
Module I
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Topic 1: Economic Problem
04:25
LO1: Explain the relationship between Economic Principles and everyday life
05:44
LO2: Identify the three basic economic questions and how various economic systems answer them
05:52
LO3: Comprehend the theories established by the founder of modern economics
04:16
Knowledge Check
15:00
Case Study: Economic Problem
15:00
Topic 2: Demand and Supply
05:19
LO1: Comprehend the nature of demand, changes in quantity demanded, and the factors that affect demand
03:18
LO2: Understand the nature of supply, changes in quantity supplied, changes in supply, and the factors that affect supply
03:25
LO3: Explain how markets reach equilibrium
09:22
Knowledge Check
15:00
Case Study: Demand and Supply
15:00
Topic 3: Competition and Government
05:34
LO1: Describe price elasticity of demand and its impact on sellers’ revenues
06:56
LO2: Comprehend the price elasticity of supply and the links between production periods and supply
02:44
LO3: Identify how price elasticities of demand and supply determine the impact of an excise tax
04:34
LO4: Explain how governments use price controls to override the “invisible hand” of competition
08:34
Knowledge Check
15:00
Case Study: Competition and Government
15:00
Topic 4: Cost of Production
05:24
LO1: Identify economic costs (explicit and implicit) of production and economic profit
03:01
LO2: Recognize Short-run products, and the Law of diminishing marginal returns
05:22
LO3: Explain Long-run results of production and Long-run costs
04:21
Knowledge Check
15:00
Case Study: Cost of Production
15:00
Topic 5: Perfect Competition
05:35
LO1: Distinguish the four market structures
02:28
LO2: Explain how Perfect Competitive Markets adjust in the long run
03:38
LO3: Understand the Profit-maximizing and its rule
03:49
LO4: Comphrend the theory of Perfectly competitive firms and Markets
07:58
Knowledge Check
15:00
Case Study: Perfect Competition
15:00
Topic 6: Monopoly and Imperfect Competition
05:00
LO1: Describe the demand conditions faced by monopolists, monopolistic competitors, and oligopolists
05:39
LO2: Distinguish how monopolists, monopolistic competitors, and oligopolists maximize profits
04:58
LO3: Recall the key elements of the Prisoner’s Dilemma
05:13
Knowledge Check
15:00
Case Study: Monopoly and Imperfect Competition
15:00
Topic 7: Economic Welfare and Income Distribution
06:01
LO1: Explain the concepts of Consumer surplus and Deadweight loss
04:09
LO2: Distinguish Spillover costs and benefits
03:10
LO3: Summarize how Income is distributed among Canadian households, how this distribution is measured
05:57
LO4: Identify the causes of poverty and the way poverty is measured
05:08
Knowledge Check
15:00
Case Study: Economic Welfare and Income Distribution
15:00
Topic 8: Measures of Economic Activity
04:45
LO1: Explain why economists choose to concentrate on Gross Domestic Product
09:33
LO2: Distinguish other Economic measures developed from the national income accounts
04:21
Knowledge Check
15:00
Case Study: Measures of Economic Activity
15:00
Topic 9: Inflation and Unemployment
05:03
LO1: Explain the Consumer Price Index and Real GDP
03:50
LO2: Define Inflation, how it is measured, and its effect on nominal and real incomes
05:25
LO3: Comprehend the Official unemployment rate, and the different types of Unemployment
05:57
Knowledge Check
15:00
Case Study: Inflation and Unemployment
15:00
Topic 10: Economic Fluctuations
05:59
LO1: Explain Aggregate demand and the factors that affect it
03:36
LO2: Distinguish Aggregate supply and the factors that influence it
03:28
LO3: Understand the Economy’s equilibrium and how it differs from its potential
03:13
LO4: Define Economic growth its sources, and its impact
03:31
LO5: Summarize Canada’s historical record of economic growth
03:11
Knowledge Check
15:00
Case Study: Economic Fluctuations
15:00
Topic 11: Fiscal Policy
05:25
LO1: Identify Expansionary and Contractionary fiscal policies
03:03
LO2: Explain the Multiplier effect of fiscal policy, as determined by the marginal propensities
07:44
LO3: Distinguish Budget surpluses and deficits and their impact on public debt and public debt charges
04:59
Knowledge Check
15:00
Case Study: Fiscal Policy
15:00
Topic 12: Money
04:43
LO1: Comprehend the functions of Money and its components
05:54
LO2: Understand the Demand and Supply of money and equilibrium in the money market
02:45
LO3: Explain how Money is created and define the Money multiplier
02:20
Knowledge Check
15:00
Case Study: Money
15:00
Topic 13: Monetary Policy
05:12
LO1: Discuss the Bank of Canada and its functions
02:41
LO2: Explain the tools the Bank of Canada uses to conduct monetary policy
03:55
LO3: Identify the tradeoff between Inflation and Unemployment
06:28
Knowledge Check
15:00
Case Study: Monetary Policy
15:00
Topic 14: Foreign Sector
05:18
LO1: Define and distinguish different types of Bank accounts in Canada
04:44
LO2: Understand Exchange rates and how they are determined
04:12
LO3: Summarize Exchange rate systems and their evolution
04:43
Knowledge Check
15:00
Case Study: Foreign Sector
15:00
Module Based Quiz
01:00:00
Final Exam
0/2
Course End Feedback
00:00
Final Exam: Principles of Economics
01:15:00
BA_ECON 100: Principles of Economics
Join the conversation
Oghenetekevwe Bethel Afure 1 year ago
Demand and supply are foundation concept in economics. Market each equilibrium when quantity supply is equal to quantity demanded.
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Richter Harold Benjamin 1 year ago
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