The planning for the current semester.

Vancouver Island University acknowledges and thanks the Coast Salish nations of the Snuneymuxw, Tla’Amin, Snaw-Naw-As and Cowichan for allowing us to teach, learn, live and share educational experiences on the unceded and traditional territories of these nations.

with Professor Johan Latulippe
office hours: Wednesday 16:00 to 17:00 and Tuesday 14:00 to 16:00
Building: 250. Room: 447
Phone: (250) 753-3245
mail: johan.latulippe@viu.ca

PSL with Amy Badgley
session I: Monday 13:00 to 14:00 Building 210 Room 225
session II: Thursday: 12:00 to 13:00 Building 210 Room 225

Course Description

An introduction to the basic tools and concepts of economics which provide a framework for analyzing, understanding and evaluating the economic issues which appear in our newspapers daily, e.g., inflation, unemployment, interest rates, government budgets, rent controls, marketing boards, etc.

Learning Outcomes

Upon successful completion of the course, students will

  • understand the economic principles which underlie not only personal choices but the operation of a modern economy,
  • have developed an appreciation of the economic way of thinking,
  • be able to use abstract concepts,
  • have improved problem-solving and analytical skills,
  • be equipped to critically discuss and objectively analyze economic theory,
  • recognize the potential and limits of economic theory.

Course Organization

There will be about 14 brief unannounced quizzes. Each quiz will cover the coming lectures and assigned readings.
If you are absent on the day of a quiz you will receive a zero on it, however of the all the quizzes, only your 9 best marks will be used in calculating your course grade.


  • Mark Lovewell, Understanding Economics: A Contemporary Perspective, McGraw-Hill, Seventh Edition, 2015.


At the discretion of the instructor, extra marks will be awarded to students who participate in class discussion. 

English Standards  

Assignments are expected to be free of spelling, punctuation, and grammatical errors. Assignments containing such errors will be penalized (i.e. mark deductions) to the degree the assignment contains the errors. An “A” grade will not be awarded to any paper containing numerous spelling and grammatical errors.
Faculty of Management requires the APA style of referencing for academic papers. Resources for using APA are available from the VIU Writing Centre (Library, Room 474). You can find their hours of operation and access to online student resources (including tutorials and a printable Quick Guide): writing centre.


Students with documented disabilities requiring academic and/or exam accommodation should contact Disability Services in Building 200.

Grading Scale

Evaluation Percentage
Quizzes 30
Test 1 30
Test 2 30
Final 10


  • Quizzes Random and unpredictable
  • Test 1 Thursday, 4 October
    The economic problem, Demand and supply, Elasticity
  • Test 2 Tuesday, 20 November
    Costs of production, Perfect competition, Macroeconomics, Inflation, Fiscal Policy
  • Final Thursday, 6 December
    Money, Monetary Policy

Course Schedule

We will cover as much of what follows as possible, but topics may be added or deleted depending upon time since we have to accommodate assessments. The tentative lecture and reading schedule for the thirteen weeks is as follows:

Please Note

  • The last day for penalty free withdrawal is Monday 29 October 2018.

  • Students should acquaint themselves with the University’s “Student Conduct Policy”.

  • Students should feel free to ask questions during lectures.

  • Students are responsible for all materials taught in class and readings assigned.

Academic Misconduct

Academic misconduct includes, but is not limited to, giving and receiving information during any test or exam, using unauthorized sources of information during any test; plagiarizing; fabrication, cheating, and, misrepresenting the work of another person as your own, facilitation of academic misconduct, and under certain conditions, non-attendance. Plagiarism will not be tolerated. You must reference your work and acknowledge sources with in-text citations and a complete list of references. This includes direct and indirect quotes, diagrams, charts, figures, pictures and written material. For group projects, the responsibility for academic integrity, which can result in academic misconduct and its resulting penalties, rests with each person in the group and sanctions would be borne by each member. No electronic dictionaries, cell phones or other electronic devices will be allowed in exams/tests/quizzes. Only the following approved calculators may be used in exams/tests/quizzes. Texas Instrument BAII Plus, BAII, BA35 Sharp EL-733A Hewlett Packard 10B No other materials will be allowed on the desktop apart from a pen/pencil unless specifically approved by the faculty member.

Grading Scheme

Percentage GPA
A+ 90-100 4.33
A 85-89 4.00
A- 80-84 3.67
B+ 76-79 3.33
B 72-75 3.00
B- 68-71 2.67
C+ 64-67 2.33
C 60-63 2.00
C- 55-59 1.67
F Below 50 0