ECON101 Lecture Notes - Lecture 1: International Standard Book Number, Game Theory

ECON101 Lecture Notes - Lecture 2: Opportunity Cost

A principle in economics: nothing is free. Every decision entitles a trade-off (not necessarily monetary); not in the sense that a resource is insuffic

ECON101 Lecture 3: ECON 101 Lecture 3 Economic Models

Main models: ppf, technical/allocative efficiency, absolute/comparative advantage, tariffs and international trade. Model the complex world with simpli

ECON101 Lecture 4: Economic Models

They sell the same combo, one burger and one fries. Orange spend 40 minutes to make burgers, 20 minutes to make fries. Answer: 4*40 burgers+8*20 fries 

ECON101 Lecture Notes - Lecture 5: Price System, Demand Curve, Normal Good

The demand for a certain quantity of goods depends on whether buyers. Market demand: the sum of the quantity(ies) demanded by buyers at each price. Dem

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This course provides an introduction to microeconomic analysis relevant for understanding the Canadian economy. The behaviour of individual consumers and producers, the determination of market prices for commodities and resources, and the role of government policy in the functioning of the market system are the main topics covered.

Introduction to Microeconomics

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