The course covers the basic principles of
Microeconomics for entrepreneurship students. The course introduces students
to the economics of the firm and how scarce resources are allocated by
individual decision making units.
Furthermore, the course includes analysis of
the theory of consumer behavior, theory of production and cost; pricing
processes and distribution of income under varying competitive conditions in
a market economy. It also involves graphical and algebraic approaches to
present the core of the analysis with the use of verbal approach to interpret
graphs and numbers representing relationships between economic variables.