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%)/(ECO101H(63%), ECO102H(63%))/ECO105Y1(80%); MAT133Y1/​(MAT135H1, MAT136H1)/MAT137Y1/​MAT157Y1

Exclusion: 
Distribution Requirements: 
Social Science
Breadth Requirements: 
Society and its Institutions (3)