Course details
Microeconomic Decisions of the Firm
ECON 10803A
Acquiring an understanding of economic phenomena though the economic way of thinking. By mastering the logical principles of economic thinking, students will be able to anticipate the behavior of economic agents.
The material is presented through examples, applications and in-class discussions. Students will learn to:
- master the economic language in its various forms: intuitive, graphical and mathematical;
- formulate precise arguments concerning many aspects of economic and daily life;
- identify fallacious reasoning;
- develop a critical judgment about assertions encountered in the media;
- reason in terms of incentives, and understand how our environment influences our decision making.
- master the economic language in its various forms: intuitive, graphical and mathematical;
- formulate precise arguments concerning many aspects of economic and daily life;
- identify fallacious reasoning;
- develop a critical judgment about assertions encountered in the media;
- reason in terms of incentives, and understand how our environment influences our decision making.
Themes covered
Gains from trade
Consumer demand
Revenue costs and profits
Competitive supply (firm decisions in the short- and long-run)
Market equilibrium
Monopoly monopolistic competition and market power
Price discrimination
Decision under uncertainty (utility functions insurance decision trees and the value of information)
Game theory and strategic interactions
Oligopoly
Adverse selection
Moral hazard
Important notes
Course in French : ECON 10803
Les étudiants en échange ne sont pas autorisés à s'inscrire à ce cours.
Les étudiants en échange ne sont pas autorisés à s'inscrire à ce cours.
Course code
ECON 10803A
Subject
Economy
Program
Bachelor’s degree (BBA)
Location
Côte-des-Neiges
Instruction mode
On-site learning
Credits
3