Mastering Microeconomics
What you’ll be taught
Perceive the distinction between macro and micro economics and their space of utility.
Clarify the responsiveness of the demand and provide features in assorted situations.
Describe the patron concept and the price of manufacturing theories with corresponding stakeholders.
Determine the elements behind pricing and producers’ choices in varied market constructions.
Description
Microeconomics research how the person components of the economic system, the households and the corporations, make choices to allocate restricted sources. This course is predicated on a complete research of the market constructions, product markets and useful resource markets. It additionally offers with utility of demand and provide, value evaluation and elements of manufacturing.
Upon profitable completion of the course, college students ought to have the ability to:
CLO 1: Purchase the information, abilities, and understanding of the basic ideas of microeconomics associated to people, and corporations in numerous market constructions.
CLO 2: Consider the significance of client habits concept in financial determination making.
CLO 3: Analyze the corporations’ determination making with respect to value and manufacturing theories to clarify the connection between manufacturing inputs and output
CLO 4: Decide how managers can maximize agency income in varied market constructions together with excellent competitors, monopoly, monopolistic competitors, and oligopoly
This course targets to
CO 1 Perceive the distinction between macro and micro economics and their space of utility.
CO 2 Clarify the responsiveness of the demand and provide features in assorted situations
CO 3 Describe the patron concept and the price of manufacturing theories with corresponding stakeholders
CO 4 Determine the elements behind pricing and producers’ choices in varied market constructions
A diversified methodology shall be adopted that embrace interactive class discussions, quizzes, assignments, case research, dialogue on handouts, movies, group work workout routines, displays, and semester challenge. An inquiry-based, reflective, collaborative, and topic based mostly strategy shall be pursued with formal and casual suggestions. Teacher will encourage the scholars in the direction of arguments and context-based studying.
Content material
Introduction about economics
Demand (Client aspect of the Market)
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