ECN550 - Economics: An Overview

Outline information
Semester
Schools offering this subject
Last revision date 2024-01-29 00:26:51.464
Last review date 2024-02-05 00:15:06.184

Subject Title
Economics: An Overview

Subject Description
This course uses economics to explain some of the issues facing Canadians, such as pollution, unemployment, and economic growth. It also explains government responses to economic problems, including recessions and inflation, and presents possible solutions. The tools of supply and demand are used to make predictions about markets and show how interventions create better (or worse) outcomes.

Credit Status
Economics 550 is a required credit subject in the Marketing Program. Where it is not a required subject, it may be taken as a General Education elective credit in the Sciences and Social Sciences category.

Students who must take either BUS400 of BUS401 are NOT permitted to take ECN550 for credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  • Explain economic growth and its importance to our standard of living
  • Apply the law of supply and demand to goods and services
  • Evaluate government responses to recessions 
  • Justify economic solutions to local and global challenges
  • Explain how and why buyers and sellers interact in marketplaces

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecapolytechnic.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecapolytechnic.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Camera Use and Recordings - Synchronous (Live) Classes
Synchronous (live) classes may be delivered in person, in a Flexible Learning space, or online through a Seneca web conferencing platform such as MS Teams or Zoom. Flexible Learning spaces are equipped with cameras, microphones, monitors and speakers that capture and stream instructor and student interactions, providing an in-person experience for students choosing to study online.

Students joining a live class online may be required to have a working camera in order to participate, or for certain activities (e.g. group work, assessments), and high-speed broadband access (e.g. Cable, DSL) is highly recommended. In the event students encounter circumstances that impact their ability to join the platform with their camera on, they should reach out to the professor to discuss. Live classes may be recorded and made available to students to support access to course content and promote student learning and success.

By attending live classes, students are consenting to the collection and use of their personal information for the purposes of administering the class and associated coursework. To learn more about Seneca's privacy practices, visit Privacy Notice.