DALHOUSIE UNIVERSITY

ECON 1101: Principles of Microeconomics

Comprehensive Revision Guide and Notes 2026

Part A: Revision Notes

Part B: Sample Examination

Part C: Suggested Solutions to Exam Paper

Part D: Study Tips for Students

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Dalhousie University - ECON 1101: Principles of Microeconomics

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ACADEMIC YEAR 2026 - 2027

University	Dalhousie University
Study Level	Undergraduate
Course Code	ECON 1101
Course Name	Principles of Microeconomics
Study Material	Comprehensive Revision Guide and Notes
Page Length	121

Finding it tough to keep up with the material for ECON 1101: Principles of Microeconomics at Dalhousie University? This newly released guide spans 121 pages, organized into four parts, and brings together the key resources to strengthen your skills and prepare for both assessments and the final exam. Inside, you’ll find comprehensive revision notes, sample exam questions with step-by-step worked solutions, plus practical hints and tips for the final. Use it to study efficiently, build confidence, and perform at your best on exam day.

The course covers essential microeconomic concepts, including trade-offs, opportunity cost, and the use of models in economic analysis. The course explores how demand and supply determine market equilibrium, the responsiveness of demand and supply to price changes, and market efficiency, including the effects of government intervention. Students will learn how consumers and firms make decisions to maximize well-being and minimize costs, how monopolistic and imperfectly competitive firms determine output and pricing, and how firms decide on the optimal number of workers to hire. The course also addresses income inequality and the role of government in correcting market failures.

Key Areas of Focus:

Understand the principles of demand, supply, and price determination.
Analyze price elasticity and its effect on market outcomes.
Examine the impact of price controls on market efficiency.
Describe consumer behavior and how it influences market demand.
Understand production decisions of firms in different market structures, including competitive markets and monopolies.
Explore the functioning of factor markets and their role in the economy.
Explore income inequality, market failures, and the need for government intervention.

COURSE CODE	COURSE NAME
COMM 1060	Introductory Statistics for Science and Health Sciences
COMM 1101	Introductory Accounting I (Financial)
COMM 1503	Introduction to Quantitative Decision Making
COMM 2202	Finance I
COMM 2203	Finance II
COMM 2303	Introduction to Organizational Behaviour
COMM 2401	Introduction to Marketing
COMM 2501	Statistics for Business
COMM 2603	Legal Aspects of Business
COMM 3105	Intermediate Financial Accounting I
COMM 3111	Intermediate Financial Accounting II
COMM 3116	Cost Management
COMM 3203	Financial Institutions
COMM 3206	Investment and Money Management
COMM 4240	Advanced Corporate Finance
COMM 4402	Derivatives
ECON 1101	Principles of Microeconomics
ECON 1102	Principles of Macroeconomics
ECON 2200	Intermediate Microeconomics
ECON 3338	Econometrics I
ECON 4440	Time Series in Economics

MITCA

Updated for 2026

Dalhousie University - ECON 1101: Principles of Microeconomics

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