General description
This course introduces the students to the basics of microeconomics. It also aims at enabling students to acquire basic economic analytical skills. Students will be trained to analyze markets using economic techniques. This course focuses in particular on step-by-step approach in using supply and demand theory and marginal analysis as a tool to describe and interpret market phenomena. This course covers consumer’s theory, production theory, and market equilibrium. Some emphasis is made on the system of perfect competition, and monopoly.