3 unit(s) Theory of consumer choice; elements of production and cost; price and output determination in perfectly competitive markets.
Three lectures; one tutorial; one term Prerequisite(s):ECON 1B03 (or ARTSSCI 2E03); and credit or registration in one of MATH 1A03, 1LS3, or MATH 1M03 Antirequisite(s): ECON 2G03, 2Z03