Course info

This course is meant to give students insight into the dynamics of a market-based economy and how through its mechanism scarce resources are allocated. In this course, students will learn how the decisions made by economic agents are represented in the market as demand and supply of commodities. They will learn about equilibriums in the market, which is when the quantity demanded is equal to the quantity supplied. The derivation of this equilibrium is another main focus of microeconomics. At the end of the course, the student should able to
1: Apply the basic concepts of economics in the field of Business.
2: Apply economic analysis techniques for business applications.