Trinity Western University

Course Descriptions

Economics

    • ECON 110 Business in the Global Market (3 sem. hrs.)

      An introduction to global business practices. A survey of governmental and corporate practices of major economic systems—Japan, Europe, Pacific Rim, Rhine countries, etc. Different cultural meanings of concepts such as globalization, world class, nimble organizations, empowerment, and teams are explored. The class provides the students with experiential as well as classroom learning to provide a better grasp of the differences in cultures and the adaptation of business concepts.

      NB: Offered when available in summer with overseas travel component.

      Cross-listed: BUSI 110.

      Prerequisite(s): Permission of the instructor. Open to Business and non-Business majors.


    • ECON 201 Principles of Microeconomics (3, 3 sem. hrs.)

      A fundamental understanding of how economists view the world, how people make decisions, and how people interact with one another. Basic economic analysis of consumers’ behaviour, firms’ production behaviour, and market equilibrium. Graphical analysis.

      Prerequisite(s): Second year standing or instructor’s consent; knowledge of spreadsheet software. (3-0; 3-0)


    • ECON 202 Principles of Macroeconomics (3, 3 sem. hrs.)

      Basic lessons of macroeconomics, where the economic growth and economic fluctuations are studied. Issues such as GDP, CPI are discussed. Long-run trend and causes of economic growth rate, unemployment rate and inflation rate are examined. Short-run fluctuations of an economy around the long-run trend. Government responses to the short-run fluctuation of an economy, namely monetary and fiscal policy. Exchange rate, current account, and capital flights in an open economy context.

      Prerequisite(s): Second year standing or instructor’s consent. (3-0; 3-0)


    • ECON 230 Issues in Third World Development (3 sem. hrs.)

      This course provides an introduction to the field of international development through an overview of the many issues and challenges relating to economic disparity among people of various nations. Students engage in the exploration of responses to these situations. The course is open to students from all disciplines.

      Prerequisite(s): None. (3-0 or 3-0)


    • ECON 275 Business Statistics (3 sem. hrs.)

      Statistical tools and knowledge necessary for success in business endeavours. Descriptive statistics, probability (with discrete and continuous distributions), hypothesis testing, regression, and ANOVA. Students learn theory behind the methods and primarily use spreadsheets as tools for solving advanced problems.

      Cross-listed: BUSI 275.

      Prerequisite(s): MATH 101; or instructor’s consent. (3-0; 3-0)


    • ECON 276 Quantitative Analysis (3 sem. hrs.)

      Mathematical modeling principles, concepts, and algorithms used in business problem formulation and solution interpretation. Linear, non-linear, and goal programming, project management, decision theory, simulation, queuing, forecasting, and inventory control models. The course also discusses the relationship to modern information systems.

      Cross-listed: BUSI 276.

      Prerequisite(s): BUSI/ECON 275. (3-0; 3-0)


    • ECON 301 Intermediate Microeconomics (3 sem. hrs.)

      The main principles and techniques of price theory and its practical applications. Major topics include price, production and distribution theories, the theory of the firm, risk and uncertainty, game theory, and transaction costs. New developments and/or approaches to microeconomics analysis.

      Cross-listed: BUSI 301.

      Prerequisite(s): ECON 201, 202. (3-0; 0-0)


    • ECON 302 Intermediate Macroeconomics for Managerial Decision-Making (3 sem. hrs.)

      The main concepts and methods usually used by economists to explain macroeconomic variables: inflation, unemployment, consumption, investment, foreign trade, monetary and fiscal policies, and economic growth. Classical and Keynesian macroeconomic models are studied and compared in terms of economic statics and dynamics.

      NB: May not be offered every year.

      Cross-listed: BUSI 302.

      Prerequisite(s): ECON 201, 202. (0-0; 3-0)


    • ECON 304 Money and Banking (3 sem. hrs.)

      The study of the role of money, monetary policy, and financial institutions in the Canadian and U.S. economies. Major topics include interest rates, decision-makers, financial asset prices, risk management, banking and financial institutions, and central banks and monetary policy.

      Cross-listed: BUSI 304.

      Prerequisite(s): ECON 201, 202. (3-0 or 3-0)


    • ECON 306 History of Economic Thought (3 sem. hrs.)

      The development of the main concepts of economic theory. The role of the economic, political, social, and religious environments in the development of economic analysis. Contemporary problems in relation to the various alternative economic systems.

      NB: May not be offered every year.

      Cross-listed: HIST 306.

      Prerequisite(s): ECON 201, 202. (3-0 or 3-0)


    • ECON 308 Canadian Economic Policy and Problems (3 sem. hrs.)

      The identification and analysis of various kinds of Canadian economic problems: regional and provincial problems, agricultural and natural resource policies, unemployment, inflation, foreign/international policies, poverty, economic effects of population growth, decline, immigration/emigration, labour unrest, social problems, and industrialization strategies. Emphasis is on current and pertinent economic problems.

      NB: May not be offered every year.

      Prerequisite(s): ECON 201, 202. (3-0 or 3-0)


    • ECON 311 International Business (3 sem. hrs.)

      The concepts of international trade theories and the role of multinational enterprises in fostering trade across international borders. The political, economic, and cultural environment of international business, global strategies, international competitiveness, country risk analysis, international logistics, marketing, finance, and personnel decisions.

      NB: May not be offered every year.

      Cross-listed: BUSI 311.

      Prerequisite(s): Third year Business or Economics standing. (3-0 or 3-0)


    • ECON 317 Investment Theory (3 sem. hrs.)

      A study of financial markets and the various instruments traded on those markets, to include how these instruments are priced. Other topics explored include portfolio theory, market efficiency and equilibrium, asset analysis, asset allocation, and portfolio management.

      Cross-listed: BUSI 317.

      Prerequisite(s): Third year Business standing. (3-0 or 3-0)


    • ECON 330 Theory and Practice of Development (3 sem. hrs.)

      A study of major theories or models of economic development and evaluation of practices and approaches to economic development by studying various cases from several different countries. Theories and practices of development are examined from a Christian perspective, with consideration of the influence of the human factor.

      Prerequisite(s): ECON 230 or instructor’s consent. (3-0 or 3-0)


    • ECON 341 Resource and Environmental Management (3 sem. hrs.)

      An introduction to key concepts and issues in natural resources management. The course examines major resource-based industries, including agriculture, fishing, forestry, mining, energy, and recreation. It also emphasizes understanding the varied influences that environmental, socio-economic, and political factors have on the spatial distribution of resource utilization and resource management.

      Cross-listed: GEOG 341.

      Prerequisite(s): GEOG 111. (3-0; 0-0)


    • ECON 354 Geography of the World Economy (3 sem. hrs.)

      This course investigates the changing geographical patterns of global economic activity and the processes influencing the organization of economic space. It focuses on the spatial patterns of production and manufacturing; the distribution of goods and services; and the role of multinationals, global marketing strategies and outsourcing. It also investigates issues and challenges from global to local economies; including population growth and development, poverty and unemployment, and environmental sustainability.

      NB: Offered every other year.

      Cross-listed: GEOG 354.

      Prerequisite(s): GEOG 111. (0-0; 3-0)


    • ECON 411 Business in the Global Market (3 sem. hrs.)

      An introduction to global business practices while on a travel study. A survey of governmental and corporate practices of major economic systems throughout the world. Different cultural meanings of concepts such as globalization, world class, nimble organizations, empowerment, and teams. The class provides the students with experiential as well as classroom learning to provide a better grasp of the differences in cultures and the adaptation of the concepts.

      NB: Offered when available in summer with overseas travel component.

      Cross-listed: BUSI 411.

      Prerequisite(s): Permission of the instructor. (3-0 or 3-0)


    • ECON 412 International Economic Competitiveness (3 sem. hrs.)

      This course studies the competitiveness of companies in different countries and regions given ever-changing economic conditions and policies. The course reviews factors that determine competitive advantage including factor conditions, demand conditions, supporting industries, firm strategy, and government policy.

      NB: May not be offered every year.

      Cross-listed: BUSI 412.

      Prerequisite(s): ECON 201, 202; BUSI 221, 222; 342. (3-0 or 3-0)


    • ECON 480 Leadership in the Global Context (3 sem. hrs.)

      This course addresses issues faced by leaders working in settings throughout the globe. Students examine approaches to leadership and develop an understanding of the important role culture plays in multi-cultural organizational contexts. Cross-cultural communication, cultural intelligence, and individual and organizational behaviour in various cultures is studied. Particular attention is given to the servant leadership approach and how to develop the mindset of an effective leader in both non-governmental and for-profit organizational contexts.

      NB: May not be offered every year.

      Cross-listed: BUSI 480.

      Prerequisite(s): Third year standing. (3-0 or 3-0)

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