Learn fundamental microeconomic principles and theories through a comprehensive exploration of consumer behavior, producer decisions, market dynamics, and economic equilibrium. Master key concepts including consumer theory, demand functions, supply and demand elasticity, Engle's Law, budget constraints, production processes, input variables, production functions, cost theory, market structures, and general equilibrium. Develop a strong foundation in analyzing consumer preferences, understanding production factor relationships through isoquants, evaluating optimal production combinations, and examining various market structures to gain practical insights into economic decision-making at the individual and firm level.
Overview
Syllabus
- Preliminary
- Consumer Theory
- Demand Function
- Supply and Demmand elasticity
- Engle's Law
- Consumer Preference
- Budget Constraint and Consumer Preference
- Producer Theory
- Production Processes and Production Factors
- Production Function
- Input Options For Single Input Variables
- Elasticity Production Areas
- Changes in Production Factors Prices
- Isoquant and Combination of Optimal Production Factors
- Production Cost Theory
- Market Theory
- Market Structure
- General Equilibrium
Taught by
Dr. Minar Ferichani
