Units: 1.5, Hours: 3-0
Macroeconomic principles: money, interest rates, growth. Microeconomic principles: demand and supply, production, consumer utility and elasticity. Net present value, equivalence, rate of return. Public vs. private sector cost-benefit analysis, externalities, risk and uncertainty. Industry and innovation life cycles.
Note: Credit will be granted for only one of 280 taken before May 2012, ADMN 310, ECON 103, ECON 201.
Prerequisites: MATH 110, 133, 211 or 233A.
Pre- or corequisites: STAT 254 or 260.
Undergraduate course in Engineering offered by the Faculty of Engineering.