Course No: ECN202
Course Title: Microeconomics
This course examines the basic concepts of microeconomics, including theories and models that describe how consumers and producers of goods and services make rational economic choices, and the implications of those choices for market prices, quality, and product variety. It looks at demand and supply elasticity, the nature of competitive rivalry, factors of production, income distribution, and the impact of government regulation.
At the completion of this course the student should be able to:
- Achieve a sound understanding of major economic concepts
- Develop the ability to analyze and interpret microeconomic data
- Learn how to identify and understand real economic problems
- Learn how to analyze the present economic situation
- Reach a University level of studying economic material
Samuelson, P.A.& Nordhaus, W.D., “Economics”, 18th edition, McGraw-Hill, International Edition, 2005.