Microeconomic Theory I

This fundamental course equips the student to intuit and mathematically model the decisions facing consumers and producers. Students will solve constrained optimization problems and derive demand and supply functions including the demand for insurance and the supply of savings and labour. They will predict equilibrium prices and quantities under various market conditions. An introduction to game theory will assist students in explaining the strategies used by competing firms. Students will have several opportunities to apply theory to real-world markets and to share their ideas with their fellow learners.

Note: Check with the institution regarding start/end dates, prices, and delivery method. These may vary according to program, section, and/or semester.