Principles of Microeconomics

Understand fundamental microeconomic concepts, market structures, and decision-making processes.

Year 1
Term 2

Course Overview

This course introduces you to the fundamental principles of microeconomics, focusing on how individuals and businesses make decisions in a world of scarcity. You will learn about supply and demand, market structures, consumer behavior, and the role of government in the economy. Through real-world examples and case studies, you will develop analytical skills to understand economic issues and evaluate policy options.

What You'll Learn

  • Forces of Demand and Supply
  • Equilibrium in a Competitive Market
  • Behaviour of a Firm in a Perfectly Competitive Market
  • Monopoly

Course Content

  • Understanding Scarcity and Choice

    Delve into the fundamental economic problem of scarcity and how it necessitates choice and opportunity cost.

    View Notes

  • Assessment on Economic Concepts

    Evaluate your understanding of scarcity, choice, and basic economic principles through problem-solving exercises.

    10 Questions
    Take Test