UNIVERSITY OF WATERLOO

ECON 290: Models of Choice in Competitive Markets

Comprehensive Revision Guide and Notes 2026

Part 01: About This Guide

Part 02: Sample Examination

Part 03: Suggested Solutions to Exam Paper

Part 04: Study Tips for Students

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[UWaterloo] ECON 290: Models of Choice in Competitive Markets - Solutions

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University
University of Waterloo
Department
Economics
Course Code
ECON 290
Course Name
Models of Choice in Competitive Markets
Notes Title
Comprehensive Revision Guide and Notes
Page Length
30

ACADEMIC YEAR 2026 - 2027

This guide helps you understand how the exam for ECON 290: Models of Choice in Competitive Markets at the University of Waterloo is structured, along with the types of questions and range of topics you may encounter. This self-study set has been thoroughly updated to cover the topics included in the latest exam requirements. You do not need to be an expert in the course to use this guide; a basic understanding of the material is enough to get started. Use these notes as a reference to deepen your understanding, recall key information and improve your exam performance.

ECON 290: Models of Choice in Competitive Markets

ECON 290 focuses on the concept of choice in economic models, emphasizing the decisions made by consumers and firms. The course covers utility functions and budgets, demonstrating how their interaction aids economists in predicting behavior. It extensively utilizes constrained maximization techniques from ECON 211, expanding these concepts to include situations involving uncertainty (risk) and time. Main topics to be covered include the fundamental model of economic choice, consumer choice and utility maximization, intertemporal choice with lifetime utility maximization, producer choice and profit maximization, as well as choice under uncertainty with expected utility maximization.

UNIVERSITY OF WATERLOO

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

COURSE CODE	COURSE NAME
AFM 101	Introduction to Financial Accounting
AFM 102	Introduction to Managerial Accounting
AFM 231	Business Law
AFM 272	Global Capital Markets and Financial Analytics
AFM 273	Financial Instruments and Capital Markets
AFM 274	Introduction to Corporate Finance
AFM 275	Corporate Finance
AFM 280	Introduction to Organizational Behaviour
AFM 291	Intermediate Financial Accounting 1
AFM 322	Derivative Securities
AFM 391	Intermediate Financial Accounting 2
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 201	Microeconomic Theory for Business and Policy
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
MGMT 244	Principles of Marketing
PSYCH 292	Basic Data Analysis
STAT 202	Introductory Statistics for Scientists
STAT 443	Forecasting

MITCA

Updated for 2026

[UWaterloo] ECON 290: Models of Choice in Competitive Markets - Solutions

INFORMATION

COURSE DESCRIPTION

RELATED COURSES

University	University of Waterloo
Department	Economics
Course Code	ECON 290
Course Name	Models of Choice in Competitive Markets
Notes Title	Comprehensive Revision Guide and Notes
Page Length	30