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Overview

Learning Methods
A variety of active learning methods are used in economics classes. Film, class discussion, and multi-media presentations help engage students in active learning.

Major Focus
Economics courses provide individuals with a logical and consistent framework for understanding basic concepts such as market equilibrium, social welfare and economic policies.

The AC Difference
Department of Economics at AC offers first- and second- year economics courses with which students can obtain an AA degree in Economics or transfer to other universities and colleges.

Career Outlook
Economics provides a strong insight into the economic and public policy environment in which virtually every profession, such as finance, journalism and health care, will be pursued.


Course Descriptions

Select a course below to see full descriptions. (#) Indicates amount of credits per course.

ECON 103 Principles of Microeconomics (3)

Microeconomics is a particular branch of economics that exploits a model of behavior based on several principles of motivation, preferences, and technology. This introductory course introduces the principal elements of theory concerning utility and value, price and costs, factor analysis, productivity, labour organization, competition and monopoly, and the theory of the firm.

Prerequisite(s):
ENGL 098

Transfers to:
UBC ECON 101 (3)
SFU ECON 103 (3) Q/B-Soc
UVic ECON 103 (1.5)
UNBC ECON 100 (3)
TRU 1900 (3)

ECON 105 Principles of Macroeconomics (3)

Principles of macroeconomics introduces macroeconomic theories and issues and how economic variables interact with one another. This introductory course covers topics such as the national product and income and how to measure it, the theory of income and employment determination, inflation, money, banking, and the Bank of Canada, interest rates and exchange rates, and fiscal and monetary policies.

Prerequisite(s):
ENGL 098

Transfers to:
UBC ECON 102 (3)
SFU ECON 105 (3) Q/B-Soc
UVic ECON 104 (1.5)
UNBC ECON 101 (3)
TRU 1950 (3)

ECON 201 Microeconomic Theory I: Competitive Behavior (3)

The course develops the neoclassical model of household and firm behavior at an intermediate level. This includes the derivation of demand for goods and services from utility-maximizing consumers and the supply of these same goods and services from the cost structures of profit-maximizing firms. Both partial and general equilibrium competitive models are considered, along with applications of the models. The aim is to equip students with the basic terminology, analytical tools, and intuition to discuss and address economic issues. This course does not cover topics related to imperfect competition, strategic behavior, or behavior under uncertainty.

Prerequisite(s):
ENGL 099, Econ 103, Econ 105, Math 104

Transfers to:
UBC ECON 2nd (3)
SFU ECON 2XX (4)-Q
UVic ECON 203 (1.5)

ECON 210 Money and Banking (3)

What is money? How are interest rates determined? Why do we need financial intermediaries? What caused the financial crisis? How is monetary policy conducted in Canada? This course provides answers to these questions. As an introduction to money, banking and financial markets, this course is aimed at giving students an overview of Canadian financial system and an understanding of the theory and practice of monetary policy.

Prerequisite(s):
ENGL 098, ECON 103 and ECON 105

Transfers to:
UBC ECON 2ND (3) Precludes credit for UBC ECON 345
SFU ECON 2XX (3) Q
UVic ECON 200 Lev (1.5)
UNBC ECON 2XX (3)
TRU 2XX0 (3)

ECON 260 Environmental Economics (3)

Environmental economics explores the relationship between economic activity and the environment by examining causes, consequences and possible solutions to local and global environmental issues. Major topics include evaluation of market failures due to externalities and public goods, market and non-market regulation of environmental problems, and economic analysis of environmental problems such as water and air pollution and global climate change.

Prerequisite(s):
ENGL 098, ECON 103

Transfers to:
UBC ECON 2ND (3) Precludes credit for UBC ECON 371
SFU ECON 260 (3) Q
UVic ECON 200 Lev (1.5)

UNBC ECON 2XX (3)
TRU 2XX0 (3)

ECON 280 Introduction to Labour Economics (3)

An analysis of the microeconomic and macroeconomic aspects of labour markets and government policy options relating to labour markets. Institutional aspects and recent trends in the Canadian labour market, and labour market models that seek to explain the behaviour of labour market participants are examined. Policy analysis is studied with these models and is an important focus of the course.

Prerequisite(s):
ENGL 098, ECON 103 and ECON 105

Transfers to:
UBC ECON 2ND (3) Precludes credit for UBC ECON 360
SFU BUEC 280 (3) Q
UVic ECON 200 Lev (1.5)

UNBC ECON 2XX (3)
TRU 2XX0 (3)

ECON 290 Canadian Microeconomic Policy (3)

Canadian governments regularly implement policies targeted at specific markets and this intervention is justified on the basis that the targeted market would not achieve desired levels of performance on their own. Why do markets fail to automatically achieve efficient outcomes (i.e., what are market failures and why do they occur)? What government policies are used to correct for market failure? Are they effective? In this course students will learn to use tools developed in introductory economics to evaluate various microeconomic policies in a Canadian context.

Prerequisite(s):
ENGL 098, ECON 103 and ECON 105

Transfers to:
UBC ECON 210 (3)
SFU ECON 290 (3) Q
UVic ECON 200 Lev (1.5)
UNBC ECON 2XX (3)
TRU 2XX0 (3)

ECON 291 Canadian Macroeconomic Policy (3)

A general survey of Canadian macroeconomic policy issues. Topics will include the costs of inflation and unemployment, monetary and fiscal policy, the effects of government debt and exchange rate policy.

Prerequisite(s):
NGL 098, ECON 103 and ECON 105

Transfers to:
UBC ECON 211 (3)
SFU ECON 291 (3) Q
UVic ECON 200 Lev (1.5)
UNBC ECON 2XX (3)
TRU ECON 2XX0 (3)

ECON 295 Managerial Economics (3)

Students will apply microeconomic theory and quantitative techniques to managerial decision making. They will use these tools to solve problems faced by firms. Students will examine such topics as demand analysis and estimation, production and cost analysis, pricing and output decisions within various market structures, and competitive strategies.

Prerequisite(s):
ENGL 098, MATH 104, ECON 103, and ECON 105.

Transfers to:
UBC COMM 295 (3)
SFU ECON 2XX (3) or SFU BUS 2XX (3) - Students Choice
UVic ECON 200 Lev (1.5)
UNBC ECON 2XX (3)
TRU ECON 3040 (3)

BUEC 223 Economics and Statistics II (3)

An introduction to more advanced statistical techniques including econometrics and operations research. Students will be required to apply the statistical techniques covered in the course to data they collect in order to analyze problems of individual student interest.

Prerequisite(s):
COMM 291, ENGL 098

Transfers to:
UBC COMM 2ND (3)
SFU BUS 2XX (3)
>UVic STAT 252 (1.5)
UNBC NO CREDIT
TRU ECON 2330 (3)

Laurel Xiao

Department Head

Laurel Xiao

Department Head

Laurel Xiao obtained her Master of Arts degree in Economics from Simon Fraser University after she got her Bachelor of Arts degrees in Finance and Law in China.

After graduation, Laurel had worked in accounting and mortgage industries before she started to teach economics at Alexander College in January 2010.

She has taught a variety of first and second year economic courses at the college, including microeconomics, macroeconomics, labour economics and environmental economics.

Pramod Khadka

Instructor

Pramod Khadka

Instructor

Pramod Khadka joined Alexander College in 2011. Since then, he has been teaching first-year courses as well as several second-year courses such as Money and Banking, Environmental Economics, and Canadian Macroeconomic Policy.

He received his undergraduate education from Bates College, Maine, USA and graduate education from Georgetown University, Washington DC, USA. Prior to joining Alexander College, he taught at Ajou University in South Korea for two years.

Azadeh Khoshaien

Economics Department Coordinator

Azadeh Khoshaien

Economics Department Coordinator

Azadeh Khoshaien received her M.A. in Economics from Simon Fraser University.

She has been teaching Economics at Alexander College since 2011.

Azadeh's teaching areas are Principles of Microeconomics, Principles of Macroeconomics, Money and Banking, and Managerial Economics.

Alfred Kong

Instructor

Alfred Kong

Instructor

Alfred Kong has been teaching at Alexander College since 2007.

He mainly teaches first-year economic courses at the college.

Besides teaching at Alexander College, he is also a full time (non-tenure track) faculty member at the University of British Columbia, Vancouver School of Economics. He obtained his Ph.D. from Simon Fraser University in Vancouver, BC, Canada.

Tony Xiang

Instructor

Tony Xiang

Instructor

Tony Xiang has been teaching at Alexander College since 2011.

The courses that he teaches cover a wide range of fields including economic principles and policies, money and banking, labour markets, and managerial economics.

He obtained a PhD degree from Department of Economics at Simon Fraser University.

Vasyl (Basil) Golovetskyy

Instructor

Vasyl (Basil) Golovetskyy

Instructor

He has been teaching at Alexander College since 2012.

He teaches Economics, Business Economics, and Commerce.

He has his Diploma in Physics and Mathematics from Zhitomir Ivan Franko State University in Ukraine, Masters in Economics from Economics Education and Research Consortium, and PhD ABD (Economics) from Simon Fraser University in Burnaby , BC.

Shuhash Shimon

Instructor

Shuhash Shimon

Instructor

Shuhash Shimon joined Alexander College in 2018.

Since then he has been teaching mostly first year economics classes at the college.

Shuhash received his MA in Economics from Simon Fraser University and PhD (ABD) in Economics from the University of British Columbia.

Besides teaching at Alexander College, he is also a faculty member at Langara College, Vancouver.

Shiqu (Sophie) Zhou

Instructor

Shiqu (Sophie) Zhou

Instructor

Shiqu (Sophie) Zhou has been teaching at Alexander College since September 2018.

She is a Ph.D candidate in Economics at Simon Fraser University.

Before she started her doctoral program, she received her M.A. degree in Economics from SFU. She worked as a Teaching Assistant for many years at SFU before joining Alexander College.

Hamideh Shokoohian

Instructor

Hamideh Shokoohian

Instructor

Hamideh received her M.A. degree in economics from Simon Fraser University.

She also studied economics at Sharif University of Technology, Iran.

She has done research on applied microeconomics and econometrics. She enjoys teaching economics and interacting with students. She started her teaching career at Alexander College in fall 2018.

UBC Vancouver School of Economics

www.economics.ubc.ca


SFU Department of Economics

www.sfu.ca/economics


Bank of Canada

www.bankofcanada.ca


Department of Finance Canada

www.fin.gc.ca


Statistics Canada

www.statcan.gc.ca

Federal Reserve

www.federalreserve.gov


US Department of Treasury

www.treasury.gov


Canadian economy in numbers

www.statcan.gc.ca


Canadian economy in news

www.huffingtonpost.ca


Financial markets

www.bloomberg.com


Useful Websites


Economics Online

This website is a quality supplement to Econ103 and Econ105. Concepts are explained in detail, links to related concepts are just one click away, and topics are presented in a vivid manner and demonstrated with videos.

www.economicsonline.co.uk


Khan Academy

This website offers video lessons on various topics in introductory economics, and other subjects including math.

www.khanacademy.org


ThougtCo/Economics

This website contains a variety of articles on Micro- and Macroeconomics topics. Students taking Econ103 or Econ105 can use the website to enhance their understanding of concepts, use the provided questions to practice, and check latest news articles for application of textbook theories in the real world.

economics.about.com


tutor2u/Economics

This website offers notes, news articles and blog posts of economic topics. Topics can be searched according to alphabetic order. Recent topics, such as Abenomics and AirBNB, can be found on the topic list.

www.tutor2u.net

Federal Reserve Education

Students taking Econ105, 210, and 291 can learn more about monetary policies and practical macroeconomic issues from the Federal Reserve Education website.

www.federalreserveeducation.org


The Economics network

The websites are U.K. based, but most information is universal. It includes a few sub-sites, such as "Why Study Economics" , "Studying Economics", and “Research in Economics Education”. On these websites, you will be able to find IREE (International Review of Economics Education) papers, interesting application of economic theories, and tips for studying efficiently.

www.economicsnetwork.ac.uk


American Economic Association

American Economic Association website is not intended for concept explanation, while it provides complementary access to some economic journals, information on graduate school application and job opportunities for economics majors.

www.aeaweb.org

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Submit the form and we'll get back to you as soon as we can.

We may have your questions answered already! Have you tried these helpful links?


Looking to start the application process?
An online application is now available on Alexander College’s new student portal, myAC. Continue here: Apply to AC