This course is an introduction to the principles and tools of microeconomic analysis. Microeconomics provides students with the analytical perspective to think critically about how individuals and firms make economic decisions in a world of scarce resources. Students learn to apply basic principles of microeconomics to one's day-to-day decision making. This course in economics is designed to give students a working knowledge of the subject and to increase their understanding of the market economy, as well as their individual role within this system. Topics include: supply and demand, opportunity cost, consumer behavior, elasticity, costs and revenue determination, market structures, game theory. Microeconomics and Macroeconomics can be taken concurrently or in any order. Prerequisites: Pre-calculus 11; or Math 0861 and Math 0871; or 72% on the VCC Intermediate Algebra Assessment Test.
Course code: ECON 1100
Length: 60 hours
Course outline: viewhttps://www.vcc.ca/deptUploads/course-outlines/ECON-1100.pdf
PrerequisitesPre-calculus 11; or Math 0861 and Math 0871; or 72% on the VCC Intermediate Algebra Assessment
* Fees are approximate and subject to change. Students are required to pay any applicable fee increases. Fees listed are for domestic students. For international programs, visit VCC International.
† This information is intended as a guideline only. Program and course details are subject to change with the approval of VCC's Board of Governors.