Summer 2019 - ECON 103 D900
Principles of Microeconomics (4)
Class Number: 1893
Delivery Method: In Person
The principal elements of theory concerning utility and value, price and costs, factor analysis, productivity, labor organization, competition and monopoly, and the theory of the firm. Students with credit for ECON 200 cannot take ECON 103 for further credit. Quantitative/Breadth-Soc.
In this course, students study the behavior of how the individual modern household and firms make decisions to allocate limited resources. Topics covered include: supply, demand and prices; consumer theory; the theory of the firm under perfect competition, monopoly and other market structures; and market failure. Students will apply microeconomic tools to analyze market mechanisms that establish relative prices amongst goods and services and allocation of limited resources amongst many alternative uses.
- Basic Economic Concepts
- Demand, Supply and Prices
- Consumer Behavior
- Producers in the Short Run & the Long Run
- Market Structures
- Market Failures and Government Intervention
- Two midterms 40%
- Quizzes 20%
- Final exam 40%
Paul Krugman, Robin Wells, Iris Au, Jack Parkinson, Microeconomics: Third Canadian edition, (Looseleaf Student Value Edition with Sapling Plus), Worth publishers, 2018
Department Undergraduate Notes:
***NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***
Students requiring accommodations as a result of a disability must contact the Centre for Accessible Learning (CAL) at 778-782-3112 or firstname.lastname@example.org.
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