Course Description Course Description
| Economics 020 Introduction to Economics |
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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; national income; aggregate supply and aggregate demand; inflation, unemployment and interest rates; money and monetary institutions; balance of payments; and exchange rates. |
| Antirequisite: Economics 021. |
| 3 lecture hours or 2 lecture hours and 1 tutorial hour. |
| (Brescia, Huron, King's) |
| Academic Calendar |
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