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.