Introductory Economics

This course 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.

Click here to sign up for Introductory Economics now

Introductory Economics 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

Introductory Economics Course Fee:

The fee for Introductory Economics is $900 plus applicable tax.

This fee does not include the cost of textbooks. Textbooks are purchased separately from the University of Toronto Bookstore (or you can source your textbook locally/online). International students pay an additional fee of $125 plus 5% GST per course. There are no refunds issued for courses taken directly through CITT once your registration and payment has been received and processed.

Introductory Economics Course Materials:

1. Christopher T.S. Ragan - RAGAN(2022) MICROCONOMICS (17th Cdn. Ed., 2023) NEW,
2. Christopher T.S. Ragan - RAGAN(2022) MACROCONOMICS(17th Cdn. Ed., 2023) NEW,
MyEconLab with Pearson eText Access Card/Pearson

Available through the University of Toronto Bookstore 

Introductory Economics Course Work and Final Exam:

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

Your Introductory Economics 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 Key Dates page to see exam dates for upcoming semesters as they are scheduled.

Learning Assessment and 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.

Questions about Introductory Economics or the CCLP program of study and professional designation?

Click here to download the PDF guide to CITT courses and the CCLP designationDownload your free copy of our PDF guide for a complete overview of CITT courses and the CCLP designation.

You can also visit our FAQ section for answers to the most commonly asked questions that have helped thousands of supply chain and logistics professionals decide to enrol and start deepening and demonstrating their logistics and supply chain expertise with CITT and the CCLP program of study and professional designation.

Or simply contact the CITT team—we'd be happy to help you out by answering your questions or processing your course registration for you. We're available 9am to 5pm EST, Monday to Friday. Give us a call at 416-363-5696 ext. 0 or email us at

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