MICROECONOMICS (3 SCU)

Learning Outcomes:

Upon successful completion of this course, students are expected to be able to identify the basics of economics and the economy namely the role of price, quantity, and efficiency; examine how consumer behavior changes when facing choices; analyze costs as one of the determinants of competition in different market structures; and analyze the microeconomics of resource markets and the government.

Topics:

This course is designed to introduce all basic facets of microeconomics. It contains a full development of the theory of demand and supply. Topics include the Consumer Theory, the Production and Cost Theory, Perfect Competition, Market Power, Imperfect Competition, and Strategic Behavior.

Prerequisite(s): None

Published at : 31 October 2014 Updated at : 18 October 2022

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