ISL 233E - Microeconomics

Course Objectives

The main aim of this course is to understand the microeconomic models and theories.

Course Description

The course aims to provide a sound understanding of mainstream microeconomic theories and models. Within the scope of this course theories of consumer behavior and demand, theories of cost and production, market structures and welfare economics are discussed. Basic principles of economics with a particular emphasis on the nature and application of those bearing on decision making within a household, firm or industry; including consideration of problems respecting the composition and pricing of the national output, distribution of income, pricing and output of factors of production and foreign trade.