ATHABASCA UNIVERSITY 
ECON 247: Microeconomics 
Final Examination Guide and Notes 2025 
 
Part 01. Revision Notes 
Part 02. Sample Final Examination Paper 
Part 03. Suggested Solutions to Final Exam Paper 
Part 04. Final Examination - Hints and Tips 
 
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Athabasca University - ECON 247: Microeconomics (Solutions)

C$35.00

ACADEMIC YEAR 2024 - 2025

University	Athabasca University
Faculty	Faculty of Business
Study Level	Undergraduate
Course Code	ECON 247
Course Name	Microeconomics
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	121

Reinforce and practice skills learned with step-by-step support from our best tutors in ECON 247 - Microeconomics at Athabasca University to help you achieve your maximum potential. This is a complete revision guide covering everything examinable for the course. Within this document, you will find a comprehensive evaluation of the examinable topics. Every learning outcome that can be tested is explored in depth, and diagrams are provided to aid retention. This guide is extremely helpful for revising all the topics and preparing for the exam.

Athabasca University's ECON 247 - Microeconomics dives into how individual households and firms make decisions within an economy facing limited resources. By analyzing markets and prices, the course equips you to understand how economic principles are formed, explain their applications with real-world examples, and ultimately solve economic problems by choosing the most fitting principle based on the situation.

✔ Main topics to be covered:

The Nature and Method of Economics
The Market Forces of Demand and Supply - The Basics
The Elasticity of Demand and Supply
Markets and Economic Welfare
The Economics of the Public Sector
The Costs of Production
Firms in Competitive Markets
Monopoly
Monopolistic Competition and Oligopoly
The Markets for the Factors of Production

COURSE CODE	COURSE NAME
ACCT 253	Introductory Financial Accounting
ACCT 351	Intermediate Financial Accounting I
ACCT 352	Intermediate Financial Accounting II
ACCT 355	Cost Analysis
ACCT 451	Advanced Financial Accounting
ADMN 232	Introduction to Management
ECON 247	Microeconomics
ECON 248	Macroeconomics
ECON 357	Intermediate Microeconomics I
ECON 367	Intermediate Microeconomics II
FNCE 322	Personal Finance
FNCE 370	Overview of Corporate Finance
FNCE 371	Applications in Corporate Finance
FNCE 401	Investments
FNCE 403	Derivatives and Risk Management
FNCE 405	Empirical Finance
LGST 369	Commercial Law
MGSC 301	Statistics for Business and Economics I
MGSC 312	Statistics for Business and Economics II
MKTG 396	Introduction to Marketing

Athabasca University - ECON 247: Microeconomics (Solutions)

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