Microeconomics I

COURSE DESCRIPTION

In-depth microeconomics course covering demand and supply, consumer utility theory, production function, cost functions, market structures (perfect competition, monopoly, oligopoly), and game theory.

CONTENT

1. Market equilibrium, supply and demand elasticity. 2. Consumer behavior theory and utility maximization. 3. Production costs and returns to scale in short/long run. 4. Perfect competition and monopoly markets. 5. Monopolistic competition and oligopoly. 6. Factor markets, market failures, and externalities.