ECON70002
Microeconomics Principles		 Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 

Land Acknowledgement

Sheridan College resides on land that has been, and still is, the traditional territory of several Indigenous nations, including the Anishinaabe, the Haudenosaunee Confederacy, the Wendat, and the Mississaugas of the Credit First Nation. We recognize this territory is covered by the Dish with One Spoon treaty and the Two Row Wampum treaty, which emphasize the importance of joint stewardship, peace, and respectful relationships.

As an institution of higher learning Sheridan embraces the critical role that education must play in facilitating real transformational change. We continue our collective efforts to recognize Canada's colonial history and to take steps to meaningful Truth and Reconciliation.
Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Fall 2018
Prerequisites: N/A
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business, Canadian Institute of Manageme, Credit Union Institute of Cana, General Education Electives
Program Coordinator(s): N/A
Course Leader or Contact: Brian Lyons
Version: 20180904_00
Status: Approved (APPR)

Section I Notes: This course is offered in a classroom version, and an online version. In the classroom version, there are three hours per week of classroom instruction. The online version is a web-based course offered entirely online through Sheridan College. Students taking this course will need reliable access to the internet, and should have a basic level of comfort using computers as well as the self-discipline to study independently. Students can expect to spend an additional three hours per week for online activities such as postings, discussions, assignments and homework. A minimum "B" grade in each of ECON70001 and ECON70002 qualify the student to apply for exemption for the Certified General Accountants of Ontario (CGA) course EM1.
 
 
Section II: Course Details

Detailed Description
Examine basic economic principles and the Canadian economic environment, with an emphasis on government policies dealing with recent and current microeconomic issues. Study several key themes such as scarcity, productivity, efficiency, effectiveness, the three basic economic questions and the operation of supply and demand in various types of markets, with a strong emphasis on the logic of cause-effect relationships.

Program Context

 
Business Program Coordinator(s): N/A
This course is offered through Continuing and Professional Studies.

Canadian Institute of Manageme Program Coordinator(s): N/A
n/a

Credit Union Institute of Cana Program Coordinator(s): N/A
n/a

General Education Electives Program Coordinator(s): N/A
n/a


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to analyze a variety of microeconomic situations, issues and government policies, using the application of basic economic concepts and principles.
 
Learning Outcomes:

To achieve the critical performance, students will have demonstrated the ability to:

  1. Describe the elements and structure of the consumer, business, labor and government sectors of the Canadian economy at a microeconomic level.
  2. Analyze given situations in a variety of markets on a microeconomic level, using basic economic principles such as opportunity cost and demand and supply.
  3. Analyze current and hypothetical microeconomic issues and problems, using a systematic problem-solving approach.
  4. Discuss current economic problems on a microeconomic level, with particular attention to related government policies.
  5. Use graphs to analyze a variety of economic situations and issues.
  6. Analyze the effects of government policies on a given economic situation, in terms of short term and long term effectiveness, in a microeconomic context.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Discussions10.0%
 Quiz 115.0%
 Quiz 220.0%
 Quiz 315.0%
 Final Exam (Cumulative)*40.0%
Total100.0%



Evaluation Plan: IN-CLASS
 Quiz 110.0%
 Quiz 210.0%
 Mid-Semester Test30.0%
 Quiz 310.0%
 Quiz 410.0%
 Final Exam (Cumulative)30.0%
Total100.0%

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:

 

Essential Employability Skills
Essential Employability Skills emphasized in the course:

  • Communication Skills - Respond to written, spoken, or visual messages in a manner that ensures effective communication.

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar
Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

  • Challenge Exam
    Notes:  
 
 
Section III: Topical Outline
Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Print Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors Faculty of Continuing and Professional Studies In-Class students.
Online Multiple Professors Faculty of Continuing and Professional Studies On-Line students.

Sheridan Policies

It is recommended that students read the following policies in relation to course outlines:

  • Academic Integrity
  • Copyright
  • Intellectual Property
  • Respectful Behaviour
  • Accessible Learning
All Sheridan policies can be viewed on the Sheridan policy website.

Appropriate use of generative Artificial Intelligence tools: In alignment with Sheridan's Academic Integrity Policy, students should consult with their professors and/or refer to evaluation instructions regarding the appropriate use, or prohibition, of generative Artificial Intelligence (AI) tools for coursework. Turnitin AI detection software may be used by faculty members to screen assignment submissions or exams for unauthorized use of artificial intelligence.

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.
[ Printable Version ]

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