Students examine a wide range of microeconomic concepts about markets and market behaviour and learn how to apply them to a variety of contemporary issues. Students develop a depth of knowledge in topics including demand and supply analysis, consumer theory, production and costs, market structure, market efficiency and market failure. Prerequisites: There are no prerequisites for the course, but Foundations of Mathematics 11 or Pre-calculus 11 with a minimum B or MATH 0523 or equivalent are recommended. Completion of one of Foundations of Mathematics 12 or Pre-calculus 12 recommended. Note: Students cannot get credit for more than one of ECON 1900, ECON 1901.
Students examine a wide range of microeconomic concepts about markets and market behaviour and learn how to apply them to a variety of contemporary issues. Students develop a depth of knowledge in topics including demand and supply analysis, consumer theory, production and costs, market structure, market efficiency and market failure. Prerequisites: There are no prerequisites for the course, but Foundations of Mathematics 11 or Pre-calculus 11 with a minimum B or MATH 0523 or equivalent are recommended. Completion of one of Foundations of Mathematics 12 or Pre-calculus 12 recommended. Note: Students cannot get credit for more than one of ECON 1900, ECON 1901.
