ECO200Y1: Microeconomic Theory

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.

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