Upon completion of this course, students will be able:
1. to become familiar with price changes at the microeconomic environment
2. to explain the market conditions and to assess the business behaviors.
3. to become familiar with the interpretation and the role of demand-supply elasticities.
Course Content (Syllabus)
Study of the economic behaviour of individual units of an economy (such as a person, household, firm, farm or industry). Microeconomics is primarily concerned with the factors that affect individual economic choices, the effect of changes in these factors on the individual decision makers, how their choices are coordinated by markets, and how prices and demand are determined in individual markets. The main subjects covered under microeconomics include theory of demand, theory of the firm, and demand for labor and other factors of production.
Supply, Demand, Equilibrium, Market, Competition, Microeconomics