Microeconomics aims to set students on the path to becoming effective decision-makers. It equips students with the core economic principles that are necessary to understand how decision-makers make choices and how choices can be made that make the best possible use of limited available resources. Whether you are operating in the role of a consumer apportioning your income, a company manager striving to maximize profits or a government policy-maker seeking to tackle environmental degradation, these principles are fundamental to effective decision-making.
Microeconomics analyses the behavior of individual economic agents, including consumer
behavior and demand, producer behavior and supply, price and output decisions by firms under various market structures, market failures, and international trade. This course will set you on the path to thinking critically about all areas of life where choices are made.
It equips students with the core economic principles that are necessary to understand how decision-makers make choices and how choices can be made that make the best possible use of limited available resources.
