Course Description

This online course is 36 learning hours over twelve weeks, including 7.5 hours of live online sessions. It is recommended that students spend a minimum of 3 hours each week on coursework. Students may choose to complete more hours of work on the course in order to explore the content in more depth.

Economics is in everything - from the long line at Tim Horton’s, to the shortage of toilet rolls during a pandemic. If you want to understand how the world works and why decisions are made, then studying economics is essential. This course is designed for non-economics majors to learn about fundamental economic principles through thoughtful and engaging scenarios that we encounter every day, such as Taylor Swift’s decision to forgo school and Uber’s surge pricing to better understand how limited resources drive the decision-making process. You will learn how to understand and apply the core concepts instead of math-heavy problem sets.

Course Outline

  • Welcome to Economics
  • The Invisible Hand
  • Supply and Demand
  • Market Failure
  • Elasticity, Substitutes and Complements
  • Government
  • The Law of Diminishing Marginal Utility
  • Economic Costs and Economies of Scale
  • Perfect Competition
  • Monopoly
  • Invention and Innovation
  • International Trade

What You Will Learn

Upon completion of this course, learners will be able to:

  • How to identify and understand key economic concepts
  • Understand supply and demand
  • Market structures such as competition, monopoly, competition
  • Economic issues and policies
  • How to apply the economic perspective, and reason accurately and objectively about economic matters.


This course has scheduled written assignments and scheduled discussions within the term time frame. Course syllabus will be available on the course site. 

The Faculty of OLCD recommends an intermediate level of English language proficiency for the most effective learning and participation in our online and face-to-face courses. A list of minimum recommended scores on some common English tests can be found on our website. If you have questions about your English language proficiency and ability to succeed in this course, please contact openlearning@dal.ca.

Recommended For

This course is recommended for students working towards the following certificates:

  • Certificate in Business Management : Elective Course 
  • Certificate in Financial Management : Required Course

Applies Towards the Following Certificates

Enrol Now - Select a section to enrol in
Section Title
Microeconomics for Business
Online - Self-Paced
Apr 11, 2025 to Jul 04, 2025
Online - Scheduled
6:00PM to 7:30PM
Apr 22, 2025 to Jun 17, 2025
Schedule and Location
Total Learning Hours
  • Online Campus - Atlantic Time
Instruction Delivery Method(s)
Course Fee(s)
Fee non-credit $1,095.00
Required Software
Students will require a webcam and microphone to participate in live sessions.
Section Notes

This course has scheduled written assignments and discussions within the term time frame. There will also be facilitated online sessions - Click on View Details for exact dates. *Please note: live session dates and times may change, and will be finalized 6 weeks prior to course start date.* 

The course site will be open at 4:00 PM Atlantic Time on the course start date.

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