This course aims to cover the basic theories of microeconomics (the behavior of individual and firms) as they attempt to make better use of scarce resources. It begins with the central problem of Economics, followed by the tools of economic analysis, the theory of consumer demand and the theory of supply. The study of Microeconomics is applied to everyday decisions faced by individuals as they try to maximize profits and to the whole of society as it attempts to use its resources efficiently.
- Teacher: Nadia Smith
Skill Level: Beginner