2024-2025_hosf2313
2024-2025_hosf2313
Course Description
This course begins with an examination of basic economic concepts, such as scarcity, economic modeling, and
price determination (demand/supply model). It continues with an introduction to each of the key indicators of
economic health (unemployment, economic growth, and inflation) and their measurement in Canada. The course
concludes with an analysis of how the Bank of Canada and Government of Canada use monetary and fiscal policy,
respectively, to help stabilize the Canadian economy.
When you have earned credit for this course, you will have demonstrated the ability to:
CLO 1 Analyze the basic economic problem faced by all individuals and societies.
CLO 2 Analyze the factors which influence rising, falling and stable prices.
CLO 3 Use various economic measurements and characteristics to determine the current phase of an
economy's business cycle.
CLO 4 Analyze fiscal practices used by governments to intervene in an economy.
CLO 5 Analyze practices used by the Bank of Canada to intervene in the economy.
Learning Resources
Attendance:
Laboratory Class:
Grades are only assigned to labs that students participate in, which means attendance is an essential element to a
student’s success. For a student to be eligible to pass, they must demonstrate proficiency in the course outcomes
with no less than an 80% attendance in the practical labs. Below this, the student will jeopardize their successful
completion of the course and it may lead to failure of the course. If a student is not able to successfully complete the
course, they will be required to take the entire course again. Missing classes due to illness will be reviewed by the
professor on a case by case basis. Professors should be notified about absences before class begins.
Theory Class:
Attendance in classes is necessary in order to cover a course adequately. Regular participation in class discussion
and completion of all term work are usually essential in obtaining a satisfactory standing.
Please review the George Brown Chef School Student Lab Standards and Expectations.
(https://www.georgebrown.ca/media/chef-school-student-standards-and-expectations)
Assignment Policy:
Assignments are due on the dates indicated unless prior arrangements have been made with your instructor for an
extension. The due dates will either be announced in class, on the course outline, or on D2L Brightspace. If an
assignment deadline is missed due to unforeseen circumstances, it is the student’s responsibility to contact the
professor as soon as possible to explain the situation. If an assignment deadline was missed for a valid reason, an
extension of up to one week from the original deadline may be granted. It is up to the professor to give an extension.
Other late assignments will be accepted for up to one week beyond the original deadline subject to a late penalty of
5% per day. No assignments will be accepted beyond one week after the original assigned date.
Or
Late assignments will be handled at the professor’s discretion, in that they may not be accepted or may incur a late
penalty. Plagiarism of any part of an assignment will not be accepted and the student will receive a mark of 0 for the
assignment.
Please review the George Brown College Academic Integrity Policy.
(https://www.georgebrown.ca/media/26)
Testing Policy:
Test dates and assignment due dates will be provided to the students on the first day of the course during the
course outline orientation and/or will be posted on D2L Brightspace and/or on the course outline. These dates have
been established by the professor in collaboration with other professors. It is the intention of the faculty to distribute
the workload evenly throughout each semester. Tests are to be written on the dates indicated unless prior
arrangements have been made with the professor to write the test on an alternate date. If a test is missed due to
unforeseen circumstances, it is the student’s responsibility to contact the professor as soon as possible to explain
the situation. If a test was missed for a valid reason, at the professor’s discretion the student may be permitted to
write a make-up test. Students without a satisfactory explanation will score 0 on the missed test.
If a student arrives to write the test after 1 or more students have completed the test, the student will not be
permitted to write the test and will need to discuss the situation with the professor. If a student arrives late to write
the test the student will not be given extra time to complete the test. There are no supplemental assignments for
missing a test. Students requesting accommodations must present appropriate documentation and submit a
request/reminder email to the professor at least 3 days before a scheduled test.
For further information regarding accommodations please visit Accessible Learning Services.
(https://www.georgebrown.ca/current-students/services/accessible-learning-services)
Allergies:
Students should be aware that various allergens including nuts, dairy and shellfish are routinely used in practical
Food Waste:
Students will be taught the importance of minimizing food waste and are encouraged to participate in donating extra
food to food banks.
Name Tags:
Name tags will be issued to all 1st semester students. It is mandatory to wear a name tag during lab classes. The
replacement cost for lost or damaged name tag is $6 (cash only).
Religious Observations:
George Brown College is sensitive to religious observances. However, while products purchased for production and
consumption meet all provincial and federal regulations, they may not meet specific dietary laws related to halal and
kosher foods.
COLLEGE POLICIES
It is essential that students review all college policies, including Academic Policies available at
https://www.georgebrown.ca/policies.
ACADEMIC INTEGRITY
Academic Integrity is a commitment, even in the face of adversity, to honesty, trust, fairness, respect, responsibility,
and courage. Academic integrity ensures the credibility of our education system, promotes fair assessment, and
prepares students for ethical professional practices. Use of unauthorized assistance in any form of academic work
(e.g., assignments, written tests or assessments, portfolios, or any other assessment) is prohibited and constitutes
academic misconduct.
Academic misconduct occurs when a student engages in a breach (such as cheating, plagiarism, or failing to
disclose the use of Generative AI) to try to gain an unfair advantage. Students are required to read and understand
the College’s Academic Integrity Policy. If you are uncertain about academic integrity expectations, including
whether the use of generative AI is permitted, please speak to your professor. To support these principles,
professors may request the use of various tools, including text matching software, to detect and prevent academic
integrity violations.
The Library Learning Commons (LLC) has a limited number of devices including laptops and portable WIFI devices
to support students; however, the LLC cannot guarantee access to a device for all students.
George Brown College is committed to upholding a student’s right to individualized and timely accommodation that
promotes dignity, independence, autonomy, equity, and inclusion for the student. In addition to our current supports,
we are working to eliminate barriers by increasing access to alternate formats, planning accessible buildings and
classrooms, enhancing employee training, and adopting inclusive practices in placement and on campus.
Only those involved in a student’s accommodation plan shall be alerted to their registration with Accessible Learning
Services, and a student’s registration with Accessible Learning Services will not be identified on the student’s official
college transcript and/or graduation documentation. For more information, please visit the
Accessible Learning Services website at http://www.georgebrown.ca/accessible-learning-services/ or call 416-415-
5000 ext. 2622 or email [email protected]
EQUITY STATEMENT
George Brown College values the diversity of our students, employees, and community partners, and is committed
to providing a learning environment where all people are safe and respected. Comments, behaviours, or interactions
that are inconsistent with our values may be a violation of the following college policies: Sexual Assault and Sexual
Violence, Human Rights Discrimination and Harassment, and the Prevention of Workplace Violence and
Harassment. These types of actions or comments are not acceptable and will not be tolerated. The commitment and
cooperation of all students and employees is required to maintain a welcoming environment in which to learn and
work.
Support and information are available through a Human Rights Advisor at [email protected] or the Sexual
Violence Response Advisor at [email protected]
Test(s) (20%)
Test 1
Validates Outcomes: CLO 1, CLO 2, CLO 3, CLO 4
Test(s) (30%)
Test 2
Validates Outcomes: CLO 1, CLO 2, CLO 3, CLO 4, CLO 5
Final Exam (40%)
Validates Outcomes: CLO 1, CLO 2, CLO 3, CLO 4, CLO 5
Participation (10%)
Validates Outcomes: CLO 1, CLO 2, CLO 3, CLO 4, CLO 5
Prior learning assessment and recognition (PLAR) is a process that gives students the opportunity to obtain
academic credit for one or more courses in a certificate, diploma or degree based on demonstrated prior learning
acquired through life experiences before enrollment in a program. More information regarding PLAR can be found
on the GBC website at: http://www.georgebrown.ca/plar/
• This course is PLAR eligible, please see Program Coordinator/Chair for more information.
Grading System
A+ 90-100 4.0
A 86-89 4.0
A- 80-85 3.7
B+ 77-79 3.3
B 73-76 3.0
B- 70-72 2.7
C+ 67-69 2.3
C 63-66 2.0
C- 60-62 1.7
D+ 57-59 1.3
D 50-56 1.0
“A” Range = GPA 4.0-Consistently exceeds (course) requirements; shows evidence of being well-organized; shows
original and creative thinking and a superior grasp of subject matter.
“B” Range = GPA 3.0-Shows consistent performance and evidence of being well-organized, shows elements of
original and creative thinking; has a strong grasp of subject matter
“C” Range = GPA 2.0-Applies the subject matter appropriately; comprehends the subject matter.”
"D" Range = GPA 1.0-The student inconsistently applies and communicates knowledge of the subject matter
"F" Range = GPA 0.0-The student fails to apply and communicate an understanding of the subject matter.
Additional information regarding grading for this course may also be found in the "Course Related Information"
section of this course outline.
Legend
Terms
•ILO: Indigenous Learning Outcome
•Apprenticeship LO: Apprenticeship Learning Outcome
•CLO: Course Learning Outcome
•DPLO: Degree Program Learning Outcome
•EES: Essential Employability Skill
•EOP: Element of Performance
•GELO: General Education Learning Outcome
•LO: Learning Outcome
•APO: Additional Program Outcome
•PLA: Prior Learning Assessment
•PLAR: Prior Learning Assessment and Recognition
•PLO: Program Learning Outcome