ECON 1001

Subject: ECONOMICS
Course No. and Title:

ECON 1001 Economics in the Real World: Micro

This course is open to all students except those whose programs require ECON 1013 or 1073.
Credit Value:

Three (3) credit hours
Course Description:

Essentially, this course is a rigorous introduction to microeconomics--but it differs from conventional microeconomic courses in two main ways. First, conventional courses focus on products, industries and money; whereas in this course we will be interested in human behaviour in the widest sense. Of particular interest is to apply economics to our everyday lives - to begin to see and understand how economic forces shape so much of what we take for granted. Second, this course is somewhat unique in that it includes political and philosophical connections, which allows us a different perspective from many other economics courses. We allow ourselves the luxury of critically evaluating the fundamental assumptions upon which the edifice of economics is built. In this sense, this course is a natural complement to UNB's Arts 1000.
Prerequisite: None
Course Author:

Dr. Anthony Myatt, Department of Economics, University of New Brunswick.
Course Features:

The materials for the course consist of lecture notes, self-testing materials (questions, tests and assignments) and testing over the web. There is also a textbook.
Course Format:

The material is organized into the following chapters:

  1. The Context of Economics
  2. Some Fundamental Concepts
  3. Demand and Supply - Importance and Application
  4. The Gloomy Predictions of Thomas Malthus
  5. Specialization and the Benefits of Trade
  6. Cost-Benefit Analysis - Applications to Everyday Life
  7. Cost-Benefit Analysis - Traditional Applications
  8. Non-Competitive Markets
  9. Missing Markets
  10. The Inequality Problem
  11. An Overview - Evaluating Laissez-Faire
Course Texts:

The course material is provided online.
Assignments & Examinations:

Course work consists of three components: written homework, quizzes, and tests.

Chapter Quizzes (11 @ 2% each) 22%
Midterm Exam (After Chapter 5) 8%
Final Exam 70%
  ____
Total Marks 100%
Time Limit: Six months
Fees:

Click here to find more information on fees for this course.

Fees are subject to change by the Board of Governors.
Methods of Payment:

Once you complete the Apply Now form below, please send payment. Methods of payment accepted:
Cash (Do not send in the mail. Please deliver to the College of Extended Learning, 2nd Level, Wu Centre, UNB Fredericton Campus)
Cheque or money order (Mail to UNB College of Extended Learning, PO Box 4400, Fredericton, New Brunswick, E3B 5A3)
MasterCard / VISA / American Express (Please call the College of Extended Learning at 1-866-599-4646  or 506 453-4646 with your credit card number, expiry date, and the name as it appears on the card. Please do not send credit card information via email).

Apply Now!