100 Level

ECON 101 Introductory Microeconomics

This course provides an introduction to microeconomic concepts and methodology. Students will learn about basic economic concepts such as scarcity and opportunity cost, and economic efficiency. The other central themes of the course include theories of supply and demand; the theory of production and costs, the functioning and the performance of competitive markets versus monopolies and oligopolies; labor markets and the markets for public goods. Three credits.

ECON 102 Introductory Macroeconomics

This course, the second half of Introductory Economics, provides an introduction to macroeconomic concepts. The course examines pressing problems and issues in the Canadian economy and the world. Students will learn about alternate economic systems, national income accounting and the components of the national economy; the role of money in the economy inflation unemployment; international trade and trade policy; and the role of government in managing the economy. Prerequisite: ECON 101 recommended. Three credits.