MICROECONOMICS provides information on the concepts and basic theories related to the economic problems and the best method to allocate scarce resources. The course considers how units in economy (individuals and firms) make decisions and coordinate consumptions and productions. The course emphasizes the demand and supply theory, elasticity as well as market equilibrium. This course also introduces the theory of production and cost, and models of market structure to determine the efficiency in a market.
- Teacher: Idayazra binti Suri JP
- Enrolled students: 34