ECO 2144 Microeconomic Theory I
3 units
Economics
Faculty of Social Sciences
Normative and positive microeconomics. Statics and comparative statics. The market: supply, demand, elasticity. Perfect competition. Consumer decisions: preference, utility functions, indifference maps, the budget constraint, income and substitution effects, demand function, revealed preferences. Theory of the firm: technology, production function, economies of scale, cost functions, profit. The short-run and the long-run. Industry equilibrium. Factors of production: capital, labour, natural resources. Rent and quasi-rent.
Components:
Lecture
Previously Offered Terms:
Fall
Winter
Summer
French Equivalent:
All Professors
B Average (5.897)
Most Common: A- (14%)
1745 students
F
D
C
B
A-
A+
Unknown Professors
2 sections during Winter 2022
A- Average (7.546)
Most Common: A- (21%)
141 students
F
D
C
B
A-
A+