ECON 201Z Principles of Microeconomics

Examines how consumers and firms make choices when facing scarce resources, and how those choices are related to government policy and market outcomes, such as prices and output.

Credits

Prerequisite

Recommended: MTH 111Z or ECON 200

General Education Requirements

Social Science

Course Learning Outcomes

Upon successful completion of this course, the student will be able to:

1. Articulate the concepts of opportunity costs and trade-offs

2. Explain producer and consumer behavior using economic models

3. Analyze the relationship between supply and demand and its applications across various economic contexts

4. Identify the impact of market failures and government policy on efficiency and welfare