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Course Description
Author: admin  Click Times:   Add Time: 2013-01-20

 

Course Description

Microeconomics is the branch of economics that studies how individuals, households, businesses, and the government make economic decisions in the face of resource scarcity. It also studies the interaction between these various agents, and how these interactions give rise to various economic benefits for them.  Since most of these interactions take place in ‘markets’, microeconomics focuses to a large extent on analyzing how markets work.

 

We will periodically apply the concepts learnt in class to “real world” issues. This will help you gain a practical understanding of these concepts, apply it to situations you may come across, and make informed choices in your everyday life.

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