The Course equips students with an understanding of the fundamentals of microeconomics. It includes understanding of price theory, consumer choice theory, theory of the firm, market structures, trade and comparative advantage, welfare effects of taxation and externalities, public goods and common resources, and industrial organization.
The aim of this course is to provide students with knowledge and techniques on how business entities operate in their environments and how decisions should be made to achieve business objectives in an economy.
Understand fundamental concepts and principles related to the course subject matter
Apply theoretical knowledge to practical situations and real-world problems
Develop critical thinking and analytical skills within the discipline