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ECON 212  Microeconomic Theory I  Units: 3.00  
Theory of markets and prices: decision-making by individuals and firms, equilibrium conditions under various market structures, and issues of individual and social welfare.
NOTE A grade of C in this course is required as a prerequisite for ECON 310/3.0 or ECON 311/3.0.
Learning Hours: 120 (36 Lecture, 6 Group Learning, 78 Private Study)  
Requirements: Prerequisite ECON 110/6.0 or (ECON 111/3.0 and ECON 112/3.0) or (COMM 171/3.0 and COMM 172/3.0).  
Offering Faculty: Faculty of Arts and Science  

Course Learning Outcomes:

  1. Analyze how consumers' decisions affect the determination of equilibrium market prices and quantities in various microeconomic contexts.
  2. Analyze how producers' decisions affect the determination of equilibrium market prices and quantities in various microeconomic contexts.
  3. Explain how constrained optimization affects consumers' and producers' decision making.
  4. Explain how the structure of markets affects equilibrium market prices and quantities.