The problem of scarcity and its implications, choice; opportunity cost, specialization and exchange; supply and demand; economic choices of households and firms; competition and monopoly; resource markets; public policy; income distribution. Antirequisite(s): Economics 1020. Prerequisite(s): Corequisite(s): Pre-or Corequisite(s): Extra Information: 2 lecture hours, 1 tutorial hour, 0.5 course. back to top
