The lower level liberal studies course introduces the economic way of thinking. At a microeconomic level students learn how to analyse markets under different structures such as perfect competition and monopoly. At a macroeconomic level students learn how to analyse how the Canadian economy works and how the major problems of unemployment and inflation can be dealt with. Other topics covered are fiscal and monetary policy and the overall role of government in the economy.
Antirequisites: ECN 101, CECN 104
, ECN 201, CECN 204
; Not available to students in Ted Rogers School of Management.