BUEC 211 - Business Economics, Organizations and Management

3 units (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 154 or equivalent. Not open to students with previous credit in ECON 281. Students may not receive credit for both BUEC 211 and BUEC 311.

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

3 units (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 503 - Economic Foundations

3 units (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 432 - Labour Economics, Work, and Inequality

3 units (fi 6)(EITHER, 3-0-0)

This course applies the principles of labour economics to examine differential work conditions, wage inequality, and other forms of inequality for historically disadvantaged groups in various business sectors, industries, and occupations in developed and developing countries. The course reviews historical changes in laws, regulations, reporting requirements, sustainability guidelines, union practices, and societal values, and the implications of these changes for business, the economy, and society. Prerequisite: BUEC 211 or 311 or ECON 281

BUEC 488 - Selected Topics in Business Economics

3 units (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 503 - Economic Foundations

3 units (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 686 - Selected Topics in Business Economics

3 units (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.