The Canadian Economy (ELRT 2101)

This course will examine both micro and macro economic topics within the context of the Canadian economy. Students will focus on gaining a broad understanding of economic theory and its application to contemporary Canadian economic issues including the impact of free trade agreements and the rapid growth of Canada's Indigenous community as a driver of the economy.
Course code: ELRT 2101
Credits: 3.0
Length: 85.0 hours
Course outline: view https://www.vcc.ca/vccphp/courseoutline?subject=ELRT&number=2101
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Additional Information

  • Fundamental concepts of Economics
  • Scarcity, Trade-Offs and Economic Growth
  • The Market, Supply and Demand
  • Elasticities, Consumer Behaviour, Externalities, Public Goods and Public Choice
  • Production and Costs, Competition
  • Monopoly
  • Input markets and the Distribution of Income
  • Introduction to Macroeconomics, Measuring Economic Performance,
  • Economic Growth in the Global Economy
  • Aggregate Demand, Aggregate Supply and Equilibrium
  • Money and Banking, Bank of Canada and Monetary Policy
  • The contribution of Indigenous communities to the Canadian economy
  • International Trade and Free Trade Agreements

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.