MOUNT ROYAL 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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Mount Royal University - ECON 1101: Principles of Microeconomics - Solutions

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

ACADEMIC YEAR 2026 - 2027

Reinforce and practise the skills you learned in ECON 1101: Principles of Microeconomics at Mount Royal University with this clear, exam-focused guide designed to help you reach your full potential. The guide covers all examinable topics and learning outcomes, with sample exam papers, fully worked solutions, step-by-step explanations, and proven exam strategies. Key diagrams are included to help you understand core models and recall them with ease. This guide is an invaluable resource for revising all topics and preparing effectively for your upcoming exam.

ECON 1101: Principles of Microeconomics

ECON 1101: Principles of Microeconomics at Mount Royal University examines how individuals, businesses and governments make economic choices when resources are limited. The course explores consumption and production decisions within four market structures: perfect competition, monopolistic competition, oligopoly and monopoly. Students apply microeconomic principles to analyze these decisions and examine economic issues affecting consumers, firms and society.

MOUNT ROYAL UNIVERSITY

Studying for another course? Select a course below to review the resource details and what’s included.

COURSE CODE	COURSE NAME
ACCT 2121	Financial Accounting Concepts
ACCT 3221	Intermediate Accounting I
ACCT 3224	Management Accounting I
ACCT 4222	Intermediate Accounting II
ECON 1101	Principles of Microeconomics
ECON 1103	Principles of Macroeconomics
ECON 2211	Intermediate Economic Theory - Microeconomics I
ECON 3395	Introduction to Applied Econometrics
FNCE 3227	Introduction to Finance
FNCE 3228	Advanced Corporate Finance
FNCE 4407	Investments and Portfolio Management
FNCE 4408	Derivatives and Risk Management
FNCE 4409	Security Analysis and Valuation
MATH 1224	Introduction to Statistics
MATH 2333	Statistics for Life Sciences
MATH 3454	Regression and Time Series Analysis
MGMT 2130	Management Principles and Practices
MGMT 2262	Statistics and Analytics for Business
MGMT 3230	Business Law
MKTG 2150	Fundamentals of Marketing

MITCA

Updated for 2026

Mount Royal University - ECON 1101: Principles of Microeconomics - Solutions

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COURSE DESCRIPTION

RELATED COURSES

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