An introduction to microeconomic theory and analysis, focusing on decision making by individuals, households and firms. Key economic principles of scarcity, cost-benefit analysis, comparative advantage, supply and demand and the role of prices and free markets are introduced. Issues of public policy are frequently discussed to highlight applications of these principles.

Pre-requisite: ECO110LEC and (MAT155 or 160 or 170/270)

Course Credit: 3

Course Code: ECO-211