People Innovation Excellence
 

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.

Published at : Updated

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