Students gain a thorough understanding of the principles of economics that apply to an economic system as a whole. The course emphasizes the study of national income and price-level determination as well as develops students’ familiarity with economic performance measures, the financial sector, stabilization policies, economic growth and international economics.

Students examine fundamental economic principles in a Canadian context. Microeconomic topics include production, business organization, income distribution, labour unions, and consumption. At the macroeconomics level, students explore economic systems, the role of government, banking, unemployment, inflation, growth and trade.

Students gain a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers. The course emphasizes the nature and function of product markets, and includes the study of factor markets and governments’ role in promoting efficiency and equity.

This elective course is an experiential course where students apply the theoretical knowledge learned in Business Education 10. Students will launch their own businesses in partnerships with other students by research product trends, pitching their ideas and using their knowledge of marketing, financing and branding to offer their products to the SMUS community. The final assessment in the project is a pitch to invited business people, who act in the role of venture capitalists. Entrepreneurship 10 is meant to be taken as a follow-up to Business Education 10; however, each course can be taken independently of each other.