MICRO

Niagara University

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Introduction to Microeconomics
Presentation • 25 pages • 2024

• ECO102 will introduce you to microeconomics: • Study of how individuals/households/firms make decisions over using scarce resources • Primarily, we will be focused on introducing you to the supply and demand model at the heart of most microeconomic analysis • Also cover concepts that are related to the market model and are central insights of microeconomics • For example: economic efficiency, measuring/understanding elasticities