UNIVERSITY OF ALBERTA 
ECON 281 - Intermediate Microeconomic Theory I 
3 units (fi 6)(EITHER, 3-0-0) 
Comprehensive Revision Guide and Notes 2024 
 
• 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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University of Alberta - ECON 281 Intermediate Microeconomic Theory I (Solutions)

C$35.00

ACADEMIC YEAR 2024 - 2025

University	University of Alberta
Department	Economics
Course Code	ECON 281
Course Title	Intermediate Microeconomic Theory I
Notes Title	Comprehensive Revision Guide and Notes
Page Length	30

This comprehensive guide helps you understand how the final examination for ECON 281: Intermediate Microeconomic Theory I at the University of Alberta in 2024 will be assessed and structured, along with the likely style and range of questions that may be asked. This self-study set has been thoroughly updated to cover all the topics contained in the latest edition of the exam. You do not need to be an expert in the course, you just need a basic understanding and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final exam.

This is the first course in a sequence on intermediate microeconomics. In this course, we will revisit several microeconomic topics that have been introduced in introductory microeconomics (ECON 101) but in a greater depth. We will revisit the demand and supply; theory of consumer behavior; theory of production and cost; welfare analysis; price and output determination under perfect competition, monopoly and other market structures.

By the end of this course, students will be able to do the following:

Analyze demand and supply interactions.
Understand consumer behavior and utility.
Explain consumer choice and demand theory.
Assess substitution and income effects due to wage changes.
Examine inputs, production functions, and cost minimization.
Evaluate cost curves in various market structures.
Understand competitive and monopolistic markets.
Analyze surplus capture in market transactions.

COURSE CODE	COURSE TITLE
ACCTG 200	Introduction to Accounting
ACCTG 211	Introduction to Accounting for Financial Performance
ACCTG 222	Introduction to Accounting for Management Decision Making
ACCTG 315	Intermediate Financial Accounting II
BLAW 201	Legal Foundations of the Canadian Economy
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 281	Intermediate Microeconomic Theory I
ECON 299	Quantitative Methods in Economics
ECON 399	Introductory Econometrics
FIN 201	Introduction to Finance
FIN 312	Investment Principles
FIN 322	Capital Investment
FIN 413	Risk Management
FIN 414	Operation of Financial Institutions
MARK 201	Introduction to Marketing
MGTSC 212	Probability and Statistics for Business
PSYCH 213	Introduction to Data Analysis in Psychology I
SEM 301	Behaviour in Organizations
STAT 151	Introduction to Applied Statistics I
STAT 161	Introductory Statistics for Business and Economics
STAT 235	Introductory Statistics for Engineering

University of Alberta - ECON 281 Intermediate Microeconomic Theory I (Solutions)

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