Course Description
This course provides an in‑depth understanding of microeconomic theory and its application to business and policy decisions. It examines consumer behavior, production theory, market structures, pricing, market failures, and welfare analysis. Emphasis is placed on analytical reasoning, real‑world applications, and managerial relevance.
This course provides an in‑depth understanding of microeconomic theory and its application to business and policy decisions. It examines consumer behavior, production theory, market structures, pricing, market failures, and welfare analysis. Emphasis is placed on analytical reasoning, real‑world applications, and managerial relevance.
Course Learning Outcomes (CLOs)
By the end of this course, students will be able to:
- Explain core microeconomic concepts and models.
- Analyze consumer and firm behavior under different market conditions.
- Evaluate pricing and output decisions in competitive and non‑competitive markets.
- Assess market failures and government interventions.
- Apply microeconomic reasoning to managerial and policy decisions.
