MICROECONOMICS (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Explain the principles economics and thinking like economist and the market forces of supply and demand; Calculate elasticity, market efficiency, costs and production, and also consumer behavior; Analyze externalities and the theory of consumer choice.

Topics:

1. Ten Principles of Economics;
2. Thinking link like Economist;
3. The Market Forces of Supply and Demand;
4. Elasticity and Its Application;
5. Consumers, Producers and Efficiency of Markets;
6. Externalities;
7. The Cost of Production;
8. Firms in Competitive Markets;
9. Monopoly;
10. Monopolistic Competition;
11. Oligopoly;
12. The Markets for The Factors of Production;
13. The Theory of Consumer Choice.