ECON 201

Scarcity and choice. Methods used in economic science. Specialization, markets, and exchange. Supply and demand. Roles of consumers, firms and resource owners in competitive and monopolistic markets. International trade. Government intervention. Emphasis is on Canadian problems, issues, policies, and institutions. Credit will not be granted for both ECON 100 and ECON 201. Note: It is recommended that you have grade 12 level Math or equivalent as background.