Theory of the firm: elements of production and cost; input allocation, pricing, and firm behaviour under perfectly and imperfectly competitive market structures; the role of information; game theory and public policy, including basic competition policy. Precludes additional credit for ECON 2001, ECON 2002 (no longer offered), and ECON 2003 (no longer offered). Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher; and ECON 1402 (or equivalent), which may be taken concurrently with ECON 2020.Lectures three hours a week, tutorials one and a half hours a week.
