Organized by
Description
Introduction to
Microeconomics
Course Description
The purpose of the course is to give students a thorough understanding of
the principles of economics that are applied to the functions of individual
decision makers, both consumers and producers, within the larger economic
system.
Objectives
Objectives
n
At the
end of the lesson, students should understand the following:
n
The
fundamental nature of economics - unlimited wants and scarce resources and the
need to make choices
n
The
three questions related to the economic problem and its implications for an
economy
n
A
definition of opportunity cost
n
Production
possibility frontiers and their relevance to the concept of opportunity cost
Course content
LessonLesson
1: Introduction to Microeconomics
LessonLesson
2: Demand
LessonLesson
3: Supply
LessonLesson
4: Elasticity
LessonLesson
5: Consumer and Producer Surplus
LessonLesson
6: Market Structures
LessonLesson
7: Externalities
LessonLesson
8: Public Goods
LessonLesson
9: Consumer, Producers and the Efficiency of the Market
LessonLesson
10: The cost of Production