Course Description

Introductory Economics introduces both micro- and macro-economic models and looks at the role of individual consumers, firms, and industries within the larger economic system. The course applies theory to current economic issues with an emphasis on Canadian context.

Introductory Economics is a recommended prerequisite for Economic Influences on Logistics.

Topics include:

• Supply and demand
• Distribution of income
• Structure of competition
• Business cycle theory
• Monetary and fiscal policy
• Economic growth
• International trade
  
  

Course grads will be able to:

• Understand current economic issues and how the Canadian government resolves them
• Be able to articulate and understand the structure of an economic system
• Describe the characteristics of market structures such as pure competition and monopoly

Course Work and Final Exam

Course work for Introductory Economics includes a series of assignments which are due throughout the semester.

Your final exam will be held at an exam centre local to you—the University of Toronto coordinates exam centres across Canada, and internationally when necessary. Exam dates cannot be changed. Visit the course calendar page to see exam dates for upcoming semesters as they are scheduled.

 

Learning Assessment & Grades

Grades are reported as Honours, Pass, or Fail. To obtain a Pass, learners must obtain a minimum grade of 50%. To achieve Honours, learners must earn a total grade of 80% or higher.