Thompson Rivers University

School of Business and Economics

School of Business

School of Business and Economics

First Year Courses

First Year Courses

For an overview of first year Economics courses, and for information about course rotation:
First Year Courses PDF Document

ECON 1220

ECON 1220
Introduction to Basic Economics (3,0,0)
Students develop a basic understanding of economic principles allowing them to discuss issues at the level covered by the media. Topics include contrasting macroeconomics and microeconomics; gross domestic product; economic growth and business cycles; unemployment and inflation; aggregate supply and demand; scarcity, opportunity costs, and trade; law of supply and demand; accounting versus economic profits; money and exchange rates; government choices, markets, efficiency, and equity; monopoly and competition; externalities, public goods and free riders; globalization and trade policy.
Prerequisite: None
Note: Students will not receive credit for ECON 1220 unless it has been completed prior to earning a grade of “C-” or better in either ECON 1900 or ECON 1950
ECON 1900
ECON 1900
Principles of Microeconomics (3,0,0)
Students examine how individuals and firms interact in various types of markets. Topics include a definition of economics; demand and supply analysis; consumer theory; production and cost; market structure including perfect competition, monopoly, monopolistic competition, and oligopoly; market efficiency and market failure; resource markets; and international trade.
Prerequisite: B or better in Foundations of Math 11 or Pre-calculus Math 11 (BC graduates of 2013 onward); or C+ minimum in Principles of Math 11 or Applications of Math 12 or equivalent (BC graduates prior to 2013); or MATH 0510 or MATH 0530 or equivalent. Completion of one of Principles of Math 12, Foundations Math 12, or Pre-calculus Math 12 highly recommended.
ECON 1950
ECON 1950
Principles of Macroeconomics (3,0,0)
Students examine how the economy behaves at the aggregate level and how national income is measured and determined. Topics include an introduction to economics; measuring macroeconomic variables including gross domestic product, unemployment and inflation; Keynesian model; aggregate demand and supply; money and banking; the money market; fiscal policy; monetary policy and the central bank; exchange rates and the balance of payments; and economic growth.
Prerequisite: B or better in Foundations of Math 11 or Pre-calculus Math 11 (BC graduates of 2013 onward); or C+ minimum in Principles of Math 11 or Applications of Math 12 or equivalent (BC graduates prior to 2013); or MATH 0510 or MATH 0530 or equivalent. Completion of one of Principles of Math 12, Foundations Math 12, or Pre-calculus Math 12 highly recommended.