Introduction to Microeconomics

Course Description

Welcome to "Introduction to Microeconomics," an engaging and comprehensive course that unveils the fascinating world of economic decision-making. This course offers a deep dive into the fundamental principles that govern the choices made by consumers, firms, and governments in our complex economic landscape. By exploring the intricate dance between supply and demand, you'll gain invaluable insights into how markets function and how prices are determined.

What You'll Learn

  • Basic economic concepts and elementary analytical skills
  • The decision-making processes of consumers, firms, and governments
  • The mechanics of demand and supply in commodity markets
  • How market equilibrium is achieved and its impact on pricing
  • The principles of competition and market structures
  • Factor production markets and income distribution
  • Game theory and information economics
  • The role of government in market economies

Prerequisites

Great news! This course is designed for beginners, so no prior knowledge of economics is required. All you need is curiosity and a willingness to learn about the economic forces shaping our world.

Course Coverage

  • Introduction to economic principles and key concepts
  • Analysis of consumer and firm behavior
  • Supply and demand dynamics
  • Market equilibrium and price determination
  • Commodity markets and competition
  • Factors of production and income distribution
  • Game theory and information economics
  • Government's role in market economies

Who This Course Is For

  • Students new to economics seeking a solid foundation
  • Business professionals looking to enhance their economic understanding
  • Policy enthusiasts interested in the interplay between markets and government
  • Anyone curious about how economic decisions shape our daily lives

Real-World Applications

  • Making informed personal financial decisions
  • Understanding market trends for investment purposes
  • Analyzing business strategies and competitive landscapes
  • Interpreting economic news and policy decisions
  • Developing a critical perspective on socio-economic issues
  • Enhancing problem-solving skills in various professional contexts

Syllabus

Week 1: What is Economics?
Week 2: Demand, Supply and an Equilibrium in the Market
Week 3: Choices of Consumers and Firms
Week 4: Commodity Markets and Competition
Week 5: Factor of Production Markets and Income Distribution
Week 6: Game Theory and Information Economics
Week 7: Markets and Government

Embark on this enlightening journey through the world of microeconomics and empower yourself with the tools to understand and navigate the complex economic landscape that shapes our modern world. Don't miss this opportunity to gain a competitive edge in your personal and professional life!