Niagara College Canada

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Course Catalogue

Principles of Economics

Course Code: ECON1441P
Credits: 3
Term: 2025 Fall

In this course, you will develop a basic understanding of economic principles and apply, understand, and analyze real-life economic scenarios. Topics include contrasting macroeconomics and microeconomics; gross domestic product; economic growth and business cycles; unemployment and inflation; aggregate supply and demand; scarcity, opportunity costs, and trade; law of supply and demand; accounting versus economic profits; money and exchange rates; government choices, markets, efficiency, and equity; monopoly and competition; externalities, public goods, and free riders; and globalization and trade policy.

Course Outline

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