About ECON 1450 OL2
Study of individual economic units with particular emphasis on market interactions among firms and households.
Notes
Asynchronous online
Section Description
The course examines how individuals, firms, and governments make decisions under conditions of scarcity and how these decisions shape the allocation of resources in markets. Students learn core concepts such as supply and demand, opportunity cost, elasticity, consumer choice, production and cost, market structures (perfect competition, monopoly, oligopoly), and market failures. The course emphasizes how prices act as signals and incentives, guiding efficient outcomes—or inefficiencies when markets fail—and provides the foundation for understanding real-world economic behavior and policy.
Evaluation
Homework assignments and two exams
Important Dates
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