Introduction to Microeconomics
About Course
This course discusses the terminology, concepts, theory, methodology and limitations of current microeconomic analysis. The course provides students with a theoretical structure to analyze and understand economics as it relates to individuals and businesses. In addition, it seeks to provide students with an understanding of how political, social and market forces determine and affect the Canadian economy.
The course explores the principles of production and consumption – and the exchange of goods and services – in a market economy. It is compliments other courses in the Business Administration program by highlighting the various market mechanisms that influence managerial decision-making.
Course Content
Topic 0: Course Outline
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Lesson 0: Course Outline
Topic 1: Analyzing Economic Problems
Topic 2: Demand and Supply Analysis
Topic 3: Consumer Preferences and the Concept of Utility
Topic 4: Consumer Choice
Topic 5: The Theory of Demand
Topic 6: Inputs and Production Functions
Topic 7: Costs and Cost Minimization
Topics 8: Cost Curves
Topic 9: Perfectly Competitive Markets
Topics 10 : Competitive Markets: Applications
Topics 11: Monopoly and Monopsony
Topics 12: Capturing Surplus
Topics 13: Market Structure and Competition
Topics 14 : Game Theory and Strategic Behavior
Topics 15: Risk and Information
Topics 16: General Equilibrium Theory
Topics 17: Externalities and Public Goods
Student Ratings & Reviews
Good course
You are such a very kind and understanding professor. Huge thank you Dr. Jude for sharing to us your knowledge.