Why this course?

Description

Description:

This course provides a comprehensive overview of microeconomics, exploring the principles and theories that underpin individual economic decisions. From supply and demand to market structures and elasticity, you will gain a deep understanding of how individuals and firms make choices amidst scarcity. Through real-world examples and case studies, you will learn to analyze economic behavior and its impact on markets and society.

Key Highlights:

• Learn the fundamental concepts and principles of microeconomics
• Discover how individuals and firms make rational economic decisions
• Explore the forces of supply and demand and their effects on markets
• Gain insights into various market structures and their characteristics
• Understand elasticity and its role in consumer behavior and pricing
• Examine the economics of production, costs, and profits
• Learn about market failures and the role of government intervention
• Apply economic theories to real-world scenarios and case studies

What you will learn:

• Learning Outcome 1
  Understand the basic concepts of microeconomics and their relevance in today's world.
• Learning Outcome 2
  Analyze individual economic decision-making and the factors that influence it.
• Learning Outcome 3
  Explore the forces of supply and demand and their impact on market equilibrium.
• Learning Outcome 4
  Examine different market structures and their characteristics and implications.
• Learning Outcome 5
  Understand elasticity and its role in consumer behavior and pricing strategies.
• Learning Outcome 6
  Gain insights into production, costs, and profit maximization for firms.
• Learning Outcome 7
  Learn about market failures and the need for government intervention to address them.
• Learning Outcome 8
  Apply microeconomic principles to real-world scenarios and case studies.