Introduction to Economics (HOSP 1960)

This course presents fundamental concepts of micro- and macroeconomics and helps students integrate these ideas into their work in the hospitality industry. Students study the laws of supply and demand, consumer decision-making, producer profit maximization, competition and monopoly regulation. Use of fiscal, monetary and exchange rate policy to influence unemployment, inflation and economic growth are also presented.

This course is part of the full-time Hospitality Management Diploma Program
Course code: HOSP 1960
Credits: 3.0
Length: 45.0 hours
Course outline: view https://www.vcc.ca/vccphp/courseoutline?subject=HOSP&number=1960

Prerequisites

HOSP 1810.
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Additional Information

  • Fundamental concepts of economics
  • Market equilibrium and disequlibrium
  • Predictors of income
  • Fiscal and monetary policy
  • Inflation
  • Unemployment
  • Balance of payments
  • Economic growth

To learn more about the PLAR pathways for this course review the Hospitality Management Diploma Program Content Guide.

This course is offered as part of a VCC program only.

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† This information is intended as a guideline only. Program and course details are subject to change with the approval of VCC's Board of Governors.