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ECON ECON201 MICROECONOMICS

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  • Top Course Tags

    Always Do the Reading

    Background Knowledge Expected

    Math-heavy

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    • Profile picture
    Sep 10, 2016
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    The course provides an introduction to a core area of economics known as microeconomics. It considers the operation of a market economy and the problem of how best to allocate society's scarce resources.

    Course highlights:

    The course considers the way in which various decision making units in the economy (individuals and firms) make their consumption and production decisions and how these decisions are coordinated. It considers the laws of supply and demand, and introduces the theory of the firm, and its components, production and cost theories and models of market structure. The various causes of market failure are assessed, and consideration is given to public policies designed to correct this market failure.

    Hours per week:

    6-8 hours

    Advice for students:

    The course provides an introduction to a core area of economics known as microeconomics. It considers the operation of a market economy and the problem of how best to allocate society's scarce resources. The course considers the way in which various decision making units in the economy (individuals and firms) make their consumption and production decisions and how these decisions are coordinated. It considers the laws of supply and demand, and introduces the theory of the firm, and its components, production and cost theories and models of market structure. The various causes of market failure are assessed, and consideration is given to public policies designed to correct this market failure.

    • Summer 2011
    • PATRICK KELLY
    • Yes
    • Math-heavy Background Knowledge Expected Always Do the Reading

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