This course provides the learner with an introductory understanding of the basic economic concepts and its impact on business decisions. Course topics will include: opportunity cost, supply and demand, price elasticity, profit maximization, negative externalities, GDP/national output, CPI, employment, output gaps, monetary policy, fiscal policy, and business cycles.
Prerequisites
Course type
This course is offered as part of a VCC program and cannot be taken individually.
International students: Eligibility is determined at the program level. Visit the program page for international student requirements and application information.
- The Economic Problem: Scarcity, Wants, and Choices
- Supply, Demand and Market Equilibrium
- Elasticity
- Gross Domestic Product (GDP) & Consumer Price Index (CPI)
- Aggregate Demand-Aggregate Supply (AD/AS)
- Monetary Policy
- Fiscal Policy
- Business Cycles
To learn more about the PLAR pathways for this course review the Hospitality Management Diploma Program Content Guide.
Course schedules
Select your program to see the available course schedules.
| CRN# | Duration | Delivery | Location | ||
|---|---|---|---|---|---|
| 70089 |
September 8, 2026 to December 15, 2026 |
Lecture | VCC Downtown Campus | See full schedule | |
| 70093 |
September 8, 2026 to December 15, 2026 |
Lecture | VCC Downtown Campus | See full schedule | |
| 70097 |
September 8, 2026 to December 15, 2026 |
Lecture | VCC Downtown Campus | See full schedule | |
| 72368 |
September 8, 2026 to December 18, 2026 |
Lab Lecture |
VCC Downtown Campus | See full schedule | |
| 72369 |
September 8, 2026 to December 18, 2026 |
Lab Lecture |
VCC Downtown Campus | See full schedule |
Online courses listed without scheduled meeting times can be completed on your own schedule. All self-paced courses have on-campus tests. Off-site certified invigilation centres may be used at the student's expense.
| CRN# | Duration | Delivery | Location | ||
|---|---|---|---|---|---|
| 41891 |
January 4, 2027 to April 16, 2027 |
Shop/Teaching Kitchen | VCC Downtown Campus | See full schedule | |
| 41894 |
January 4, 2027 to April 16, 2027 |
Shop/Teaching Kitchen | VCC Downtown Campus | See full schedule |
Online courses listed without scheduled meeting times can be completed on your own schedule. All self-paced courses have on-campus tests. Off-site certified invigilation centres may be used at the student's expense.
How to take this course
This course is offered as part of a VCC program only.
Contact us
If you have any questions, please email at [email protected].
† This information is intended as a guideline only. Program and course details are subject to change with the approval of VCC's Board of Governors.