This course introduces students to the foundational concepts of microeconomics, focusing on the behavior of individuals, households, and firms in various market structures. Topics include supply and demand, price determination, elasticity, consumer choice, production and cost analysis, and the role of government in a market economy. Students will explore how economic decisions are made at the micro level and their impact on resource allocation and market efficiency.
Credit Hours: Lecture-3, Lab-0, Credits-3
Prerequisite(s): None