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Originally Posted by The_AK
So exactly HOW difficult is econ 301? i thought buec 333 was the one that fists people
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It's the weeder class with a high attrition rate. I don't know the figures, but I'd guess it has the highest attrition rate out of all SFU courses. You go from doing baby/little bits of math in econ to doing tons of calculations. All the concepts you learned get refined, but more math comes into play. Remember all the things like marginal revenue, marginal cost, utility, elasticity, etc etc? Well now you figure them out based on given constraints using calculus. You begin to use tons of production/utility functions to find profit optimization levels and utility maximization levels given people's constraints. You absolutely cannot succeed in that course without a good understanding of derivative rules.
A sample concept would be, "firm x wants to max profits or minimize costs- for instance with a production function like this: (x1^.5,x2^.5) based on some constraint. find optimal output/price". Well you recall that firms in competitive equilibrium set MC= min AVC (if you're given AVC, if not you should figure it out.) if AVC is not given you use marginal revenue, or you use the budget constraint- basically go through all your rules/theories in your head until you figure out a method to find it. So that's the theory part. Then the actual math part with the calculation. Basically you can no longer get away with knowing just theory...you must know why the concepts act like they do and you must solve them mathematically based on your theory knowledge.
Econ I think is easier to get into, but way harder to stay in before dropping out, whereas business is harder to get into, but easier to maintain.
If you find econ 301 hard and bomb it and you can't get into business, it might be an option to go sciences or other arts fields; it only gets harder from here. Check out the sample exams for Econ331 taught by Bertille Antoine.