THE UNIVERSITY OF WATERLOO 
ECON 101 - Introduction to Microeconomics 
Final Examination Guide and Notes 2024 
 
Part 01. Revision Notes 
Part 02. Sample Final Examination Paper 
Part 03. Suggested Solution to Final Exam Paper 
Part 04. Final Examination - Hints and Tips 
 
The 24/7 Online Support You Deserve 
Need to reach out to us with questions or for help? You'll connect with a private tutor who is extremely passionate about the course, ready to provide assistance and ensure that you're on the right track to graduating. 
 
Looking for additional study resources? 
Find out about all the services and resources available for students at the 
University of Waterloo

UWaterloo - ECON 101: Introduction to Microeconomics (Solutions)

C$35.00

ACADEMIC YEAR 2023 - 2024

University	University of Waterloo
Study Level	Undergraduate
Course Code	ECON 101
Course Name	Introduction to 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 101 - Introduction to Microeconomics at the University of Waterloo to help you achieve your maximum potential. This is a complete revision guide covering everything that is examinable for the unit. Within this document, you will find a comprehensive evaluation of the examinable topics for the subject. 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.

Delving into the Canadian economy, this course - Introduction to Microeconomics (ECON 101) equips students with the fundamental principles of microeconomics. By exploring consumer and producer behavior, market price determination, and the impact of government intervention, students gain a comprehensive understanding of how individual decisions and policy influence the allocation of scarce resources, distribution of goods and services, and the overall market equilibrium.

✔ When you've completed the course, you will be able to:

define economics and understand the core economic problem;
analyze how supply and demand interact in a market;
explain the concept of elasticity and its impact on markets;
discuss the roles of efficiency and equity in economic systems;
evaluate the impact of government actions in markets;
understand the relationship between utility and consumer demand;
analyze the trade-offs individuals make when facing limited resources;
explain how production is organized and how firms make output decisions;
analyze the relationship between production levels and costs;
identify the characteristics of a perfectly competitive market;
explain how monopolies operate and their impact on markets;
analyze the behavior of firms in monopolistically competitive markets;
and - understand how oligopolies function and their influence on markets.

COURSE CODE	COURSE NAME
AFM 101	Introduction to Financial Accounting
AFM 102	Introduction to Managerial Accounting
AFM 231	Business Law
AFM 272	Corporate Finance 1
AFM 280	Introduction to Organizational Behaviour
AFM 291	Intermediate Financial Accounting 1
AFM 322	Derivative Securities
AFM 361	Taxation 1
AFM 372	Business Finance 2
AFM 391	Intermediate Financial Accounting 2
AFM 472	Equity Investments
MGMT 244	Principles of Marketing
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 221	Statistics for Economists
ECON 290	Models of Choice in Competitive Markets
ECON 322	Econometric Analysis 1
ECON 323	Econometric Analysis 2
ECON 371	Business Finance 1
ECON 372	Business Finance 2
ECON 423	Time Series Econometrics

UWaterloo - ECON 101: Introduction to Microeconomics (Solutions)

INFORMATION

COURSE DESCRIPTION

RELATED COURSES