ECO105Y1: Principles of Economics for Non-Specialists

Hours

48L/24T

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.

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