There is a fine balance in determining market price and allocating resources in the market economy. Students discuss product markets and the factors of production in this module, highlighting such areas as: demand and supply, elasticity, perfect competition, monopoly and oligopoly and their effects on the economy, international trade balance of payments and cost benefit analysis.
This course examines the factors that create and guide the Canadian economy. Government monetary, fiscal and international economic policies, national income, employment and prices, are all discussed.
MGT1221H Financial Accounting
As the foundation for all subsequent accounting courses, this introductory course provides thorough coverage of the basic concepts of financial accounting, with an emphasis on the nature of the assumptions underlying the conventional measurement techniques and reporting procedures. Topics include: income measurement, the accounting cycle, inventory valuation, fixed assets and depreciation, long-term liabilities, funded debt and shareholders' equity.
MGT1222H Managerial Accounting
Managerial accounting involves collecting data for, and proposing internal reports of operating results to managers as well as analyses for business decisions. Cost concepts, decision making and a variety of accounting controls are studied. Students use several problem solving methods to deal with real-life case studies. Cost concepts and applications, cost-volume-profit relationships, product costing, budgeting, standard costing and variance analysis are all discussed in this course.
Prerequisites: MGT1221H and MGT1382H
Understanding buyer behaviour and market trends are important facets of many business decisions. This course covers the impact of consumer attitudes, trends in retailing and wholesaling, measuring market opportunities, shaping the product line, managing channels of distribution, planning advertising programs and managing the sales force on the Canadian marketing system.
MGT1382H Statistics for Management
This course introduces the basic concepts of data analysis and statistics and demonstrates how to use these concepts to solve management problems. Topics include: statistical process control, inference, regression analysis, time series analysis and model building.