BUEC - Business Economics

Offered By:
Faculty of Business

Below are the courses available from the BUEC subject code. Select a course to view the available classes, additional class notes, class times, and textbooks.

BUEC 311 - Business Economics, Organizations and Management View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Business organizations as systems of mutually reinforcing functional areas where decision making is driven by underlying economic forces. Application of economic theory to facilitate complex decision making within organizations: economic models of decision making are linked directly to functional areas of management. Topics include the organization of firms and industries; meeting customer needs; and decision making involving production, resource use, dealing with risk and uncertainty, scale and scope of operations, competitive advantage, and product pricing. Prerequisite: ECON 101, ECON 102, and MATH 114 or equivalent. Not open to students with previous credit in ECON 281.


BUEC 342 - Introduction to International Business View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Provides students with an introduction to the tools they will require to succeed in the increasingly international business world. Serves as a basis for other more advanced courses in International Business. Topics covered could include Country Differences, International Trade, Foreign Direct Investment, Regional Economic Integration, The Foreign Exchange Market and International Business Strategy and Operations. Prerequisites: ECON 101 and ECON 102. Students may receive credit for only one of BUEC 342 or ADMI 342.


BUEC 363 - Introduction to Energy and Resource Industries View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Introduces students to the current Canadian and global energy landscape, key energy industries, regulations, and commodities markets. Examines oil sands, conventional oil sectors, refined products such as gasoline, renewable fuels, natural gas including shale gas, and electricity. Students will also be introduced to environmental issues such as climate change, water, and land use. Students will use economic models of energy demand and supply to determine the environmental and economic advantages/shortcomings of these models in their application to real-world issues, both within Alberta and internationally, and will learn how economics can be used to guide energy policy. Not to be taken by students with credit in BUEC 463.


BUEC 442 - The Global Business Environment View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Examines the changing global business environment and how it impacts international business decision-making. Topics covered could include Trends in Globalization, International Business in Canada, Managing Multinational Corporations, Importing and Exporting, International Labor Markets and the Market for Skills, International Financial Markets, Financial Crises, and Corporate Governance in Different Countries. Prerequisite: BUEC 342 or consent of Instructor. Students may receive credit for only one of BUEC 442, 445 or ADMI 445.


BUEC 444 - International Study Tours View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course is a combination of on site study tours to a foreign country and academic coursework. The study tour component will normally be for a two to three week period, during which students will participate in company tours, lectures and language and cultural study to develop an appreciation for different business cultures and contexts. Upon return, students will be expected to complete a group project or case study relating to the business environment of the country under study. Prerequisites: Preference will be given to students who have completed at least one other international business course in the Faculty of Business.


BUEC 454 - Principles of Real Estate View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Introduction to the principles of commercial real estate. Real estate markets and decision making; real estate economics and location; property development; marketing and property management; mortgage lending, real estate investment, brokerage and regulation. Industry guest speakers help link theory with industry practice in their areas of expertise. Prerequisite: BUEC 311 or ECON 281.


BUEC 455 - Real Estate Asset Strategies View Available Classes

★ 3 (fi 6)(FIRST, 3-0-0)

Theory, fundamentals and methods in real estate finance and investment; real estate investment analysis and valuation; real estate entities and taxation; leases and corporate real estate; the economics and finance of real estate development; real estate capital markets; land development and the home building industry. This course is designed to provide the student with essential tools to understand how real estate value is determined, created and influenced. Students use software to analyze real estate cases.


BUEC 457 - Real Estate Development View Available Classes

★ 3 (fi 6)(SECOND, 3-0-0)

A practicum about real estate development and decision making. Real estate development is a process during which the entrepreneur identifies a site which is underutilized, undertakes the necessary conceptual, design, market, economic, and financial analysis and brings the site to its highest and best use. Topics include market analysis of different types of real estate uses, massing studies, cost estimation and deal structuring, analysis of site constraints and regulation and financial analysis of to-be-built properties. Students in teams undertake the background research and feasibility analysis related to a site and make a final proposal to the instructor. Prerequisite: BUEC 311 or ECON 281 or consent of instructor.


BUEC 463 - Energy and the Environment: Industry Structure, Performance and Challenges View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Uses the basic tools of business economics in order to gain a better understanding of energy markets and industries. Differences and similarities between specific industries (oil, gas, electricity, etc.) and between different industry segments (exploration, production, retail, etc.) are highlighted. New challenges faced by the industry, most notably environmental concerns, but also globalization and new forms of competition, are analysed with respect to the impacts that they have had and might have in the future on firms' strategies and on market performance. Prerequisite: BUEC 311 or ECON 281.


BUEC 464 - Environmental Management View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Introduction to the theory and application of environmental economics and its role in management and policy-making. The course will cover development of a model of pollution control, evaluation of policy in this context, the setting of optimal environmental policies, and the application of these policies. Particular policies and practices implemented in North America will be examined. Prerequisite: BUEC 311 or ECON 281.


BUEC 479 - Government and Business in Canada View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

The role of business in the public policy process: how business organizations influence public policy and its administration, and how public policies affect business. Processes of change are of particular interest. Attention is to the motivation, behavior patterns, and the dynamics of the interaction of different stakeholder groups, policy makers, and managers responsible for the implementation of public policies. Develops a framework for analysis of the effectiveness and efficiency of different fiscal, regulatory, and promotional policies; consideration is given to the impact of technological, economic, and social change on policy choice in the long term. Prerequisite: BUEC 311 or ECON 281.


BUEC 488 - Selected Topics in Business Economics View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Normally restricted to third- and fourth-year Business students. Prerequisites: BUEC 311 or ECON 281, or consent of Department. Additional prerequisites may be required.


BUEC 495 - Individual Research Project I View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Special study for advanced undergraduates. Prerequisites: consent of Instructor and Assistant Dean, Undergraduate Program.


BUEC 496 - Individual Research Project II View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Special Study for advanced undergraduates. Prerequisites: BUEC 495, consent of the Instructor and Assistant Dean, Undergraduate Program.


BUEC 497 - Individual Research Project III View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Special Study for advanced undergraduates. Prerequisites: BUEC 496, consent of the Instructor and Assistant Dean, Undergraduate Program.


BUEC 503 - Economic Foundations View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course focuses on economic decision making at the level of the firm and consumer, utilizing demand and supply analysis to help understand a variety of economic and managerial issues. Formal models of managerial economic problems will be developed and used for purposes of analysis. The course will also deal with public economics, regulatory economics and introduce issues of information economics and strategic behavior. The theory of public choice and public goods will be used to analyze a variety of public economic issues. The course will also cover macroeconomic issues including: measuring macroeconomic variables, sources of economic growth, business cycles, interest rates, exchange rates, government debt, and other topics. Credit will not be given for both BUEC 502 and 503.


BUEC 542 - International Business View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Provides students with an introduction to the tools they will require to succeed in the increasingly international business world. Serves as a basis for other more advanced courses in International Business, covering such topics as Country Differences, International Trade, Foreign Direct Investment, Regional Economic Integration, The Foreign Exchange Market and International Business Strategy and Operations. This course will also cover selective topics in international macro economics. Prerequisite: BUEC 502 or 503. Not open to students who have taken BUEC 541.


BUEC 563 - Energy Industries and Markets View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course provides a broad introduction to the energy industries and markets, focusing on market structure, firm strategy and behavior, regulation and public policy. The evolving nature of industries and markets, including technological challenges, environmental constraints and globalization, are discussed. The course includes a number of site visits and guest speakers. Prerequisite: BUEC 502 or 503. Not open to students with credit in BUEC 560.


BUEC 564 - Environmental Management View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

The economic theory of externalities is introduced and applied in a discussion of alternative policy instruments such as taxes, tradable permits, and regulatory standards which are used to deal with pollution. Topics include current environmental regulation issues such as climate change, water and air pollution and firm strategy. Extensions include an introduction to cost-benefit analysis and environmental impact assessment tools for project evaluation as well as a discussion of the economics of non-renewable resources. Prerequisite: BUEC 502 or 503. Not open to students with credit in BUEC 562.


BUEC 610 - Principles of Real Estate View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Introduction to the principles of commercial real estate. Real estate markets and decision making; real estate economics and location; property development; marketing and property management; mortgage lending, real estate investment, brokerage and regulation. Industry guest speakers help link theory with industry practice in their areas of expertise. Prerequisites: BUEC 503.


BUEC 611 - Real Estate Asset Strategies View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Theory, fundamentals and methods in real estate finance and investment; real estate investment analysis and valuation; real estate entities and taxation; leases and corporate real estate; the economics and finance of real estate development; real estate capital markets; land development and the home building industry. This course is designed to provide the student with essential tools to understand how real estate value is determined, created and influenced. Students use software to analyze real estate cases. Prerequisites: BUEC 503, and FIN 501 or 502 (or consent of instructor).


BUEC 613 - Real Estate Development View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

A practicum about real estate development and decision making. Real estate development is a process during which the entrepreneur identifies a site which is underutilized, undertakes the necessary conceptual, design, market, economic, and financial analysis and brings the site to its highest and best use. Topics include market analysis of different types of real estate uses, massing studies, cost estimation and deal structuring, analysis of site constraints and regulation and financial analysis of to be-built properties. Students in teams undertake the background research and feasibility analysis related to a site and make a final proposal to the instructor. Prerequisites: BUEC 503, and FIN 501 or 502 (or consent of instructor).


BUEC 641 - Strategic Procurement View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Increasing competition and globalization of the supply chain have made cost competitiveness and procurement effectiveness key to successful business performance. Best-in-class procurement practices are essential to attaining global supply chain competitiveness today. This course introduces students to the principles of procurement and how they can help enhance cost and supply chain efficiency. Learning outcomes will be both strategic and tactical including topics such as the business function of procurement, the procurement process and organization, trends in organizational design, quality management, make - buy decisions, strategic cost management, strategic and global sourcing, supplier selection and management, inventory strategies, category management, performance measurement and evaluation, RFP (Request for Proposal) and contract management, negotiations and conflict management, and electronic sourcing. Prerequisite: BUEC 503.


BUEC 646 - The Global Business Environment View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Examines the changing global business environment and how it impacts international business decision-making. Covers such topics as Trends in Globalization, International Business in Canada, Managing Multinational Corporations, Importing and Exporting, International Labor Markets and the Market for Skills, International Financial Markets, Financial Crises, and Corporate Governance in Different Countries.


BUEC 648 - International Study Tour View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Combines lectures at the University of Alberta with an on-site study tour to a foreign country. The study tour component is normally for a one-to-two week period, during which students participate in company tours and lectures, to develop an appreciation for different business cultures and contexts. Students are usually expected to complete projects or case studies relating to the country under study. Check with MBA office for enrolment restrictions. Credit will not be given for both BUEC 648 and any other MBA study tour to the same destination. Students may receive credit for only two of the following three courses: BUS 648, BUEC 648, SMO 648.


BUEC 663 - Natural Resources and Energy Capstone View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

A project-focused course dealing with international market, business and policy issues and challenges in the energy, environment and natural resources sectors. A course designed around an international trip with a focus on knowledge integration and application to international markets through an intense set of visits with firms, organizations and government agencies. The specific content including the location of the trip and issues addressed changes from year to year. The course involves both teamwork and individual research. In exceptional circumstances students can complete an additional project if they are unable to complete the travel component of the course. The course is open only to students registered in the NREE specialization in the final year of the MBA program. Prerequisites: Completion of all core and NREE required courses, or permission from the program office.


BUEC 678 - Managing Business-Government Relations in Canada View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

The role of business in the public policy process: How business organizations influence public policy and its administration, and how public policies affect business. Processes of change are of particular interest. Attention is placed on the motivation, behavior patterns, and the dynamics of the interaction of different stakeholder groups, policy makers, and managers responsible for the implementation of public policies. Develops a framework for analysis of the effectiveness and efficiency of different fiscal, regulatory, and promotional policies; consideration is given to the impact of technological, economic, and social change on policy choice in the long run. Prerequisites: BUEC 502 or 503.


BUEC 686 - Selected Topics in Business Economics View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Topics may vary from year to year. Students should check with the MBA Office for pre/corequisites of specific sections.


BUEC 800 - Business Economics View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Outlining the main schools of economic theory, macroeconomic tools and the effects of macroeconomic policy on business performance; reviewing decision-making processes of individual firms, as well as consumer behavior, price theory, marginal analysis, and forms of competition. Restricted to students registered in the MBA China Program.


BUEC 801 - International Business View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Understanding the globalization of business, international trade and trading blocks; planning for market entry and development; exporting, joint ventures, direct investment; developing the skills of an international manager. Restricted to students registered in the MBA China Program.


BUEC 820 - Business Economics View Available Classes

★ 3 (fi 32)(EITHER, 3-0-0)

Outlining the main schools of economic theory, macroeconomic tools and the effects of macroeconomic policy on business performance; reviewing decision-making processes of individual firms, as well as consumer behavior, price theory, marginal analysis, and forms of competition. Restricted to Executive MBA students only.


BUEC 850 - Business/Government Interface View Available Classes

★ 3 (fi 32)(EITHER, 1 WEEK)

A week-long intensive course. Understanding trends affecting business decision making; the regulatory environment; business/government interfaces; and the management of public affairs. Restricted to Executive MBA students only.


BUEC 860 - International Business View Available Classes

★ 3 (fi 32)(EITHER, 3-0-0)

Understanding the globalization of business, international trade and trading blocks; planning for market entry and development; exporting, joint ventures, direct investment; developing the skills of an international manager. Restricted to Executive MBA students only.


BUEC 888 - Business Project Part 1-4 View Available Classes

★ 6 (fi 12)(EITHER, 3-0-0)

Students are required to complete a custom designed project for a client company and prepare a business plan. The company selected could be the student's own organization or a unit within the organization. Restricted to students registered in the MBA China Program.