Short Course Description
Microeconomics is concerned with the behavior of individual consumers and individual firms, acting and interacting in markets and in industry group. This course covers basic topics in intermediate microeconomics. The main objective is to present a set of concepts and analytical techniques that are vital to microeconomic analysis.
Upon course completion, the student will be able to:
1. Critically assess the competitive environment in which firms operate.
2. Integrate cost and demand considerations into pricing decisions.
3. Apply integrative economic reasoning when faced with business decisions.
Prerequisite: Students should be familiar with calculus as this is an extremely useful tool for analyzing economic models.