ECN 110
The Economy and Society
The lower level liberal studies course deals with the application of market economics to explain certain aspects of human behaviour. We first discuss the basic microeconomic concepts that are essential for understanding both markets and human behaviour. These include the concepts of opportunity cost, marginal cost-marginal benefit analysis, the demand curve, the supply curve, and how equilibrium is arrived at in free functioning markets. We then apply these tools to various social topics and issues. We often find that by applying the economic approach we arrive at explanations that are often counter-intuitive.
ECN 110 Requisite Information:
ECN 110 Let's You Take:
Antirequisites: ECN 101, ECN 104; Not available to Ted Rogers School of Management, Occupational and Public Health (Health and Safety), or Urban and Regional Planning students.
- This course is not a prerequisite for any other courses.
Antirequisites: ECN 101, ECN 104; Not available to Ted Rogers School of Management, Occupational and Public Health (Health and Safety), or Urban and Regional Planning students.
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