EC2112 Introduction to Microeconomics

This course introduces students to the basic market forces of supply and demand, price mechanism, utility maximization by consumers, and profit maximization by firms. Several market structures are presented including pure competition, oligopoly, monopolistic competition and monopoly. There is an emphasis on the application of these market models to real-world markets. Credits: 3

Prerequisite: EC2111, or Level 5 Math Placement, or concurrent enrollment in MA0598 or MA1501. Prereq: EN1021 Lecture Min Credits: 3.00 And (FY1011 Lecture Min Credits: 3.00 Or FY1001 Lecture Min Credits: 3.00 Or FY1101 Lecture Min Credits: 2.00) And EC2111 Lecture Min Credits: 3.00 Or MA0598 Lecture (May be taken concurrently) Min Credits: 0.00 Or MA1501 Lecture (May be taken concurrently) Min Credits: 3.00 Or MATH Placement Test 5.0000