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This course examines decision making at the microeconomic levels of the individual person, household, or firm. It allows students to study the principles of economics allowing them to view the world rationally and objectively. It gives students a better understanding of the everyday decisions and at the same time developing their reasoning and analytical skills. The course covers topics such as demand and supply, elasticity of demand and supply, theory of consumer choice, theory of production and cost, market structures, and market failures. The course provides adequate foundation for a number of more specialized economics courses at the second-year level of the associate degree program.
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- Programme Type: Ass. Degree (two-year)
- Faculty: Business Administration (BSA)