Economics ( ECON )

TG ECON 143	Introduction to Economics
Economics is a social science that deals with the necessity of making choices in allocating scarce resources under our system of markets and prices. Price determination through supply and demand is studied as well as microeconomic decision-making under different competitive conditions. The macroeconomics component includes National Income accounting, money and banking, international trade, and contemporary problems of unemployment and inflation.
Hours: 42 hrs (3-0)
Credits: 3
TG ECON 201	Principles of Microeconomics
Principles of consumption, production, exchange, market and firm equilibrium under different competitive conditions are introduced. These principles are applied to various contemporary problems and issues in the economy, such as property rights, foreign ownership and control, pollution, and poverty.
Hours: 56 hrs (4-0)
Credits: 3
TG ECON 203	Principles of Macroeconomics
Course features an introduction to national income determination, monetary and banking, and elementary fiscal and monetary policies. Contemporary problems of unemployment, inflation, economic growth, business cycles and the international economy are examined.
Hours: 56 hrs (4-0)
Credits: 3
TG ECON 301	Intermediate Economic Theory - Microeconomics I
Prerequisite: ECON 201 & ECON 203
Course focuses on the demand production and costs in a market economy, and pricing in perfectly and imperfectly competitive markets.
Hours: 42 hrs (3-0)
Credits: 3
TG ECON 303	Intermediate Economic Theory - Macroeconomics II
Prerequisite: ECON 201 & ECON 203
Topics covered in this course include an analysis of Canadian Social Accounts, models of income and employment determination in closed and open economies, and an introduction to inflation.
Hours: 42 hrs (3-0)
Credits: 3