Diploma in Logistics and Supply Chain Managment: Principles of Economics (L)
About Course
- This course combines economic theory and application in an up to date, accessible, and appealing way as seen from a Canadian perspective.
- The course is designed to engage students and help them realize the power of economic theory in explaining the practical aspects of their lives and how it can be applied in business.
Course Content
Topic 1: Economic Problem
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Economic Problem
03:49 -
LO1: Define the Concepts of Scarcity, Choice, Opportunity Cost, and Resource Allocation
14:29 -
LO2: Explain How Economic Systems Address Fundamental Economic Problems
13:53 -
LO3: Analyze the Impact of Scarcity and Choice on Individuals, Businesses, and Society
13:14
Topic 2: Demand and Supply
Topic 3: Competition and Government
Topic 4: Cost of Production
Quiz I
Topic 5: Perfect Competition
Topic 6: Monopoly and Imperfect Competition and Foreign Sector
Topic 7: Economic Welfare and Income Distribution
Topic 8: Measures of Economic Activity
Quiz II
Topic 9: Inflation and Unemployment
Topic 10: Economic Fluctuations and Fiscal Policy
Topic 11: Final Exam Review
Final Exam Quiz
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