# BU4033 — Microeconomics

This course introduces students to the study of economics, beginning with microeconomics. It uses scientific theory to understand the relationship and consequence of economic and business decisions, and mathematical procedures to predict and use economic models in real world settings. Unlike Macroeconomics, it focuses on the effects of business decisions on an industry or single business. Topics include supply and demand, elasticity, consumer choice, and production costs in the short and long run.

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|---|---|
| Code | BU4033 |
| Hours | 42 |

## Part of these programs

- [Business – Accounting](/programs/business-accounting)
- [Business Fundamentals](/programs/business-fundamentals)
- [Business – Human Resources](/programs/business-human-resources)
- [Business – Marketing](/programs/business-marketing)
- [Business](/programs/business)

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<small>Source: [https://www.northerncollege.ca/course/bu4033-microeconomics/](https://www.northerncollege.ca/course/bu4033-microeconomics/)</small>