XECO01101 - Microeconomics

Course Description

Microeconomics studies the behavior of individuals and the market to help businesses make decisions on the allocation of resources. Centering on the modern market economy as a system, students explore the principles of microeconomics using economic models to analyze consumer and firm behaviour. Students examine the concepts of resources allocation, demand and supply, market structure and market failure. In addition, students identify the impact of government regulation in markets on economic efficiency, as well as how decisions are made in the business environment.

Sections for this course may be restricted. Please check the Section notes to see if it's restricted and for information on requesting registration.

Prerequisites

None

Equivalents

None

Course Hours

Credit Value

Applies to the following Programs

Bachelor of Business Administration (Trades Management) (Honours) (Pathway Building Renovation Technology) - 621 : Program of Studies / Mandatory Courses
Bachelor of Business Administration (Trades Management) (Honours) (Pathway Business - Trades) - 622 : Program of Studies / Mandatory Courses
Bachelor of Business Administration (Trades Management) (Honours) (Pathway Electrician) - 624 : Program of Studies / Mandatory Courses
Bachelor of Business Administration (Trades Management) (Honours) (Pathway Motive Power Technician) - 623 : Program of Studies / Mandatory Courses