Microeconomics

The course will explore economics as economists see it, not a collection of facts about markets, but a powerful approach to thinking about almost any human behavior. Economics is the study of how society and individuals use limited resources to meet their needs. Microeconomics focuses on the individual and the firm but also considers the role of government in the economic organization. Specifically, it examines consumer demand, supply, prices, and the role of market structures in making decisions about what to do, what to buy, what to sell and what to pay in a business environment that encompasses both the old and new economies.