Course description
Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics. This course provides solid foundation for economic analysis and thinking that can help students throughout their education and subsequent professional careers.
The course begins with an introduction to supply and demand and the basic forces that determine equilibrium in a market economy. Next, it introduces a framework for learning about consumer behavior and analyzing consumer decisions. We then turn our attention to firms and their decisions about optimal production, cost and the impact of different market structures on firms' behavior. All these would enable the individual, business and government unit levels in making appropriate business and economic policy.
Course ID: ECON 201
| Credit hours | Theory | Practical | Laboratory | Lecture | Studio | Contact hours | Pre-requisite | 3 | 3 | 3 | - |
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