Introduction To Micro Economics

Microeconomics is a study that focuses on the individual households, business firms and markets taken in isolation or in groups. A design of an Introductory Microeconomics course is meant to introduce students to the basic concepts, theories and principles of microeconomics analysis. It presents, in a systematic manner, some of the basic analytical techniques for understanding the behaviors of economic agents as consumers and producers. It looks at the functioning of individual sectors in an economy. It also presents the basic analytical techniques of economic analysis

COURSE AIM

The course aims to introduce to the students the study of microeconomics; which focuses on individual behaviors in an economy.

COURSE LEARNING OUTCOMES

By the end of the course unit, students should be able to:

• Discuss the basic economic concepts of scarcity, choice and opportunity cost  and how they influence price and allocation of resources
• Explain the operation of the economic systems.
• Describe a firm background upon which to learn and understand the modern economic principles
• Suggest solutions to real world economic problems