Microeconomics - BUSD 1002

Credit(s): 3 | Hours: Lecture - 45, Lab - 0, Work Experience - , Other - 0

Students examine the interaction between individuals and firms in various types of markets within the entire economy. Topics include the fundamental principles of microeconomics; the concepts of demand and supply of product markets and resource markets; the concept of elasticity; consumer behaviour; production decisions and costs in the short-run and long-run; market organization; behaviour of individual firms and industries within the various market structures; markets and welfare; market failures and government intervention; and income distribution.

Restricted to Accounting Tech, Business Admin, and Open Studies

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