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.
- Credit will be granted for only one of ENGR 280 (if taken prior to May 2012), ADMN 310, ECON 103, ECON 103C, ECON 180, ECON 201.
Pre- or Co-requisites:
Undergraduate course in Engineering offered by the Faculty of Engineering.