Microeconomics for Business Decisions

Description

The study of micro-economics is essential for understanding how decision are made across a multitude of areas that are highly relevant to the student and to the wider world. The microeconomic principles covered in this course apply to both the individual and the firm, as students are introduced to economic analysis and its applications in topics such as: Consumer-Choice, Competition, International Trade and Finance, Market Forces, Market Failures, Public Policy, Poverty and Welfare.

The course also addresses contemporary public policy issues such as pollution, resource depletion, provision of public goods and services, rental controls, minimum wages, and taxes and subsidies. It is designed for students with varied academic background and its low mathematics requirement allows students to be able to full grasp and apply the material. The course develops the students¿ ability to critically analyze economic events at the local, national and international scale.

By the end of the course, successful students will be equipped with the tools of economics and prepared to address economic problems in their day-to-day lives, industry, politics, society, and the environment.