Program Overview
This introductory microeconomics course covers fundamental concepts such as individual choice, supply and demand, consumer behavior, and firm optimization in various market structures. The course culminates in applying microeconomic theory to advanced topics like international trade and equity-efficiency trade-offs. Prior completion of the Business Math Skills Self-Assessment is recommended for optimal understanding.
Program Outline
Degree Overview:
The allocation of scarce resources in the face of unlimited wants and needs is at the core of economics. The course starts with the study of individual choice and opportunity cost, then proceeds to introduce supply and demand and the market adjustments leading to equilibrium, and addresses the use of market price and the sources of market failure. It transitions to consumer behaviour focusing on how consumers make decisions, while creating a framework to understand how firms optimize production under different market structures. The course concludes with the application of microeconomic theory to more advanced topics such as international trade, marginal analysis and the trade-off between equity and efficiency.
Other:
Learners are recommended to complete the Business Math Skills Self-Assessment (https://bowvalleycollege.ca/schools/chiu-school-of-business/MSA) prior to taking this course.
Bow Valley College
Overview:
Bow Valley College is a public post-secondary institution located in Calgary, Alberta, Canada. It offers a wide range of programs and services to students, including diploma programs, certificates, apprenticeships, and continuing education courses. The college is known for its commitment to applied learning and its focus on preparing students for successful careers.
Services Offered:
Bow Valley College provides a comprehensive range of services to support student success, including:
Academic Services:
Academic advising, tutoring, writing support, and other resources to help students succeed in their studies.Financial Services:
Information and assistance with student loans, bursaries, and scholarships.New Student Orientation:
Programs and events to help new students transition to college life.Office of the Registrar:
Services related to registration, transcripts, and graduation.Learner Success Services:
Support for students with disabilities, mental health services, and other personal and academic support.Student Association:
A student-run organization that provides social and advocacy services.RGO Library and Learning Commons:
Access to a wide range of resources, including books, journals, computers, and study spaces.Intercultural Centre:
Programs and services to support international students and students from diverse backgrounds.Iniikokaan Centre:
Services and resources for Indigenous students.Bookstore:
Textbooks, supplies, and other merchandise.Student Life and Campus Experience:
Bow Valley College offers a vibrant campus experience with opportunities for student engagement, social activities, and community involvement. Students can participate in clubs, sports teams, and other extracurricular activities. The college also has a strong focus on student support and provides a variety of resources to help students succeed.
Key Reasons to Study There:
Job-Ready Programs:
Bow Valley College's programs are designed to prepare students for in-demand careers.Applied Learning:
The college emphasizes hands-on learning and practical experience.Experienced Faculty:
Bow Valley College has a dedicated and experienced faculty who are committed to student success.Supportive Environment:
The college provides a welcoming and supportive environment for students from all backgrounds.Regional Campuses:
Students can access programs and services at regional campuses in Airdrie, Cochrane, and Okotoks.Academic Programs:
Bow Valley College offers a wide range of academic programs in various fields, including:
Entertainment Arts
Business
Technology
Community Studies
Health and Wellness
Careers in Immigrant Advancement
Continuing Education
Academic Upgrading
English Language Learning
Open Studies
Other:
Bow Valley College is recognized as one of the top 50 Research Colleges in Canada. The college's Research and Innovation department focuses on applied research, teaching excellence, curriculum design, and workforce development.
