ECO101H1 Study Guide - Midterm Guide: Imperfect Competition, Oligopoly, Comparative Advantage

• School: UTSG
• Department: Economics
• Course: ECO101H1
• Professor: Pesando

Document Summary

Office hours: tuesdays 11:00 a. m. to 12:30 pm. Economics is the study of human behaviour in the presence of scarcity. Economics examines how the various actors in the economy -individuals, firms, and governments - make choices, as well as the main avenues by which they interact - markets and public policy. In this course, we will examine the basic building blocks of economic analysis (marginal analysis, opportunity cost, comparative advantage), competitive markets (demand and supply), imperfectly competitive markets (monopoly and oligopoly), welfare analysis, and market failures (externalities, public goods). 1. to help stude(cid:374)ts lea(cid:396)(cid:374) ho(cid:449) to (cid:862)thi(cid:374)k like a(cid:374) e(cid:272)o(cid:374)o(cid:373)ist,(cid:863) a(cid:374)d p(cid:396)epa(cid:396)e the(cid:373) fo(cid:396) fu(cid:396)the(cid:396) stud(cid:455) in economics; and. 2. to provide students an overview of the applications and richness of questions addressed in microeconomics. Gregory mankiw et. al. , principles of microeconomics (7th canadian edition, 2017) S. manouchehri and p. fortura, study guide to accompany mankiw et. al. , principles of.