ECO 1104 Introduction to Microeconomics
3 units
Economics
Faculty of Social Sciences
Nature and scope of economics. Scarcity and choice. Market mechanism. Demand and supply curves. Shifts of demand and supply. Elasticity and determinants. Consumer behaviour. Nature of the firm and its basic decisions. Production functions. Total, average, and marginal cost curves. Price decision. Perfect competition. Monopoly. Price discrimination. Government regulation. Factor pricing. Case studies and applications. Comparative advantage.
Components:
Lecture
Previously Offered Terms:
Fall
Winter
Summer
French Equivalent:
All Professors
C+ Average (5.331)
Most Common: B (15%)
9778 students
F
D
C
B
A-
A+
Unknown Professors
14 sections during Fall 2023
B Average (5.741)
Most Common: B (21%)
1170 students
F
D
C
B
A-
A+