Dec 07, 2023  
2023-2024 Academic Calendar Mount Royal University 
2023-2024 Academic Calendar Mount Royal University

ECON 1101 - Principles of Microeconomics

Credit(s): 3
Lecture Hour(s): 3
Lecture Hours Schedule Type: Blended, Lecture, Online
Lab Hour(s): 1

This course examines how individuals, firms, and governments allocate scarce resources. Market, firm, and society choices are examined using the principles of consumption and production under the following market structures: perfect competition, monopoly, oligopoly, and monopolistic competition. These principles form the basis for analyzing the decision-making processes associated with contemporary microeconomics issues.

GNED Cluster 3 - Tier 2