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ECON 101 - Introduction to microeconomics


This course is designed to be an introduction to the principles of production and consumption, also known as the exchange of goods and services. This course will highlight various market tools that will influence managerial decisions.

The learning outcomes of this course are:

  • Applying elements of economic theory
  • Understand how consumers make rational decisions
  • Understand how producers make rational decisions
  • Becoming familiar with different market structures
  • Becoming familiar with different market productions and costs
  • Analyzing conceptual problems
  • Breaking down problems into their economic parts
  • Understanding the laws of supply and demand

Pre-Requisites: None

Textbook: Microeconomic Theory Hardcover – Jun 1 1995
by Andreu Mas-Colell (Author), Michael D. Whinston (Author), Jerry R. Green (Author)

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