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:
Organized
4027 responses
3.90
/ 5
Clear Expectations
2175 responses
3.79
/ 5
Learned a Lot
4028 responses
3.83
/ 5
Recommend
1844 responses
3.87
/ 5
Workload
1842 responses
2.63
/ 5
Fair Assessments
4022 responses