ECO200Y1: Microeconomic Theory

Hours

48L/24T

Theory of markets and prices. Determination of prices through the interaction of the basic economic units, the household as consumer and as supplier of inputs and the business firm as producer and as employer of inputs. The pricing system as the mechanism by which social decisions and allocation of goods are made in a market economy.

Prerequisite
ECO100Y1(67%)/(ECO101H1(63%), ECO102H1(63%))/ECO105Y1(80%)/ECO100Y5(67%)/(ECO101H5(63%), ECO102H5(63%))/(MGEA02H3 (67%), MGEA06H3 (67%)); MAT133Y1/(MAT135H1, MAT136H1)/MAT137Y1/MAT157Y1
Exclusion
ECO204Y1, ECO206Y1, ECO200Y5, ECO204Y5, ECO205Y5, ECO206Y5, MGEB01H3, MGEB02H3, MGEC02H3
Distribution Requirements
Social Science
Breadth Requirements
Society and its Institutions (3)