3 unit(s) Elements of production and cost; price and output determination under competitive and non-competitive market structures; the role of taxes and subsidies. Three lectures; one tutorial; one term
Prerequisite(s):ECON 1B03 (or ARTSSCI 2E03); and credit or registration in one of MATH 1F03, 1M03, Grade 12 Calculus and Vectors U (or Grade 12 Advanced Functions and Introductory Calculus U) or equivalent. Completion of one of these mathematics courses is strongly recommended prior to registration in ECON 2G03.
