Niagara University
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• ECO102 will introduce you to microeconomics: 
• Study of how individuals/households/firms make 
decisions over using scarce resources 
• Primarily, we will be focused on introducing you to 
the supply and demand model at the heart of 
most microeconomic analysis 
• Also cover concepts that are related to the market 
model and are central insights of microeconomics 
• For example: economic efficiency, 
measuring/understanding elasticities
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