Microeconomics

Course Code: BECN 050

Academic Year: 2024-2025

This 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 behaviour. 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 economic organization. Specifically, it examines consumer demand, supply, prices, and the role of market structures in making profit-maximizing decisions.