ECO101H1 Lecture Notes - Lecture 1: Opportunity Cost

Key ideas/vocabulary: scarcity, limited budget, limited time, society, limited resources to produce goods, choices, economics, study of how rational pe

ECO101H1 Lecture Notes - Lecture 1: Resource Allocation, Opportunity Cost, Human Capital

Economics is the study of interaction between firms and households as well as study of scarce resources allocation. There are 3 main decisions which ec

ECO101H1 Lecture Notes - Lecture 4: Demand Curve

ECO101H1 Lecture 15: Consumer and Producer Surplus; Allocative Efficiency

ECO101H1 Lecture Notes - Lecture 16: Production Function

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An introduction to economic analysis and its applications: price determination, market structure, decision making by individuals and firms, public policy. NOTE: extensive use of graphical and quantitative analysis.

Principles of Microeconomics

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