This course introduces students to the basic concepts, principles and theories of
microeconomics. It discusses the rational economic behaviour of the consumer which gives rise to the nature of demand and supply curves. It also analyses the equilibrium of the firm as well as the behavior of the different types of markets in allocating scarce resources as a whole. The course offer students an understanding of the fundamental operations of the markets in which individuals, businesses and governments transact daily activities. It also introduce students to theories of production, utility, cost and revenue and how factors of production can be used to maximize firm revenue and cost.
- Facilitator: Joseph Jatuat