ECO105Y1: Principles of Economics for Non-Specialists



Fundamentals for consumers, businesses, citizens. Microeconomics focuses on cost/benefit analysis: gains from trade, price coordination, competition/monopoly, efficiency/equity tradeoffs, government/market failures, environmental policies, income/wealth distributions. Macroeconomics focuses on: GDP growth, unemployment, inflation, monetary/fiscal policies, business cycles, exchange rates, government deficits/debt, globalization. Emphasizes economic literacy, fewer mathematical tools than ECO101H1, ECO102H1.

ECO100Y1, ECO101H1, ECO102H1, ECO100Y5, ECO101H5, ECO102H5, MGEA01H3, MGEA02H3, MGEA05H3, MGEA06H3
Distribution Requirements
Social Science
Breadth Requirements
Society and its Institutions (3)