ECON 111/3.0: Introductory Microeconomics

This course is available to both Queen’s and non-Queen’s students. Non-Queen’s students (including interest students, visiting students, and new online degree students) must first apply for admission. The following course description is presented for informational purposes only and is subject to change.

Instructor

Babak Mahmoudi Ayough Learn more about the instructor...
E-mail: mahmoudi@econ.queensu.ca

Course Description

This online microeconomics course is an introduction to macroeconomic analysis of the economy as a whole, including the determination of national income, the price level, interest rates, the money supply, and the balance of payments. The principles of monetary and fiscal policy are also examined. ECON 111/3.0 and ECON 112/3.0 are together equivalent to ECON 110/6.0.

Introduction

There are two main branches in Economics: Microeconomics and Macroeconomics. Economics courses are commonly divided into two sections to deal with "Micro" and "Macro" separately. Microeconomics (the subject of this course) by its name suggests that it is primarily concerned with the smaller economic agents - the consumer, the producer, the buyer, the seller, inputs, outputs, etc. Macroeconomics, on the other hand, is primarily concerned with the larger economic agents – governments, taxes, national income, inflation, monetary and fiscal policy. Whether you take Micro or Macro as your first course in economics will not hinder your understanding of the material. However, it is generally accepted that if one has a strong understanding of the micro concepts, one will have a stronger appreciation and awareness of macroeconomics; because macroeconomics is in a sense, the "summation" of microeconomics.

See the course topics...

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More information:

• Computer Requirements and Internet Access
• Moodle, Our Online Learning Environment 
• Academic Integrity
• Evaluation
• Suggested Time Commitment
• Required Material