This course qualifies as a prerequisite course towards the MPE

This course provides a comprehensive foundation in the core principles and applications of economics, tailored specifically to the Canadian business and regulatory environment. Grounded in the widely used textbook Understanding Economics: A Contemporary Perspective, this course equips students with the knowledge and analytical tools required to interpret economic activity and make informed business decisions.

Students will explore both microeconomic and macroeconomic perspectives—from the behavior of individuals and firms in various market structures to the broader economic policies that influence national and global performance. Emphasis is placed on market systems, government intervention, and the economic indicators that shape the business landscape in Canada and internationally.

Key Topics Covered:

• The Canadian economic environment and institutions

• Supply, demand, and price determination

• Consumer choice and firm decision-making

• Market structures: perfect competition, monopoly, and oligopoly

• Macroeconomic indicators: GDP, inflation, and unemployment

• Fiscal and monetary policy in Canada

• International trade, globalization, and exchange rates

• Current economic issues and public policy

Learning Outcomes:

By the end of the course, students will be able to:

• Understand and apply fundamental economic theories to real-world scenarios

• Analyze market behavior and the role of government intervention

• Interpret key macroeconomic indicators and trends

• Assess the impact of economic policy on businesses and consumers

• Make informed decisions using economic reasoning and critical thinking

This course is designed for self-study with the assistance and support of an instructor when needed.

This course is eligible for 10 CPD Hours

This purchase is not refundable