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:
Organized
448 responses
4.30
/ 5
Clear Expectations
158 responses
4.34
/ 5
Learned a Lot
449 responses
4.21
/ 5
Recommend
290 responses
3.75
/ 5
Workload
291 responses
2.51
/ 5
Fair Assessments
448 responses