ECON* 1020 - Microeconomics

This course focuses on model building, production possibilities, scarcity and choices, opportunity costs and trade-offs, the market system, supply and demand, resource allocation in the market, government intervention and its consequences, elasticity, cost, market model (pure competition), monopoly, oligopoly, and monopolistic competition. It explores economic issues including market power, labor, positive and negative externalities and public choice.

Credits: 3

Lecture/Lab Hours
3 lect hrs/week