UNIVERSITY OF WATERLOO 
ECON 201: Microeconomic Theory for Business and Policy 
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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ECON 201: Microeconomic Theory for Business and Policy (Solutions)

C$35.00

ACADEMIC YEAR 2024 - 2025

University	University of Waterloo
Department	Economics
Course Code	ECON 201
Course Name	Microeconomic Theory for Business and Policy
Notes Title	Comprehensive Revision Guide and Notes
Page Length	30

This comprehensive guide helps you understand how the final examination for ECON 201: Microeconomic Theory for Business and Policy at the University of Waterloo 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 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 examination. Available in both PDF and paperback formats.

ECON 201: Microeconomic Theory for Business and Policy introduces students to the fundamentals of market-based economies, focusing on topics such as consumer behavior, production, market structures, and pricing strategies, including price discrimination and two-part pricing. It also covers firm boundaries, vertical and horizontal integration, and competition under both perfect and imperfect conditions. The course emphasizes the application of microeconomic tools and concepts to real-world challenges encountered by businesses, governments, and society.

Students will develop the ability to analyze and evaluate the societal impacts of firm behavior and government policies, gaining insights into why governments intervene in markets. The course also provides exposure to economic methods used in consulting and public policy. By the end, students will be equipped to apply microeconomic models to solve practical problems in both private and public sector settings. Prerequisites include at least one introductory economics course, such as COMM 103, ECON 100, or ECON 101.

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

ECON 201: Microeconomic Theory for Business and Policy (Solutions)

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