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Microeconomics studies decision making at the level of the individual person, household, or firm. Major topics of interest for this course include understanding the issue of scarcity, allocating resources efficiently, economic systems and their operations, and fundamentals to demand, supply and market equilibrium application, among others.
The course satisfies the prerequisite for a number of more specialized economics courses at the second- year level. Therefore, the study of the principles of economics allows you to look at the world in which you live in a different way – rationally and objectively. It gives you a better understanding of the decisions you are making every day, and at the same time develops your reasoning and analytical skills. At the end of the course, students should be able to talk about economic issues with relative comfort, as they will have a better idea of how the economy works. The presentation of this course will make use of Graphs and Algebra.
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- Programme Type: Ass. Degree (two-year)
- Faculty: Business Administration (BSA)