Course Description:
This course offers a thorough introduction to Microeconomics, focusing on the principles that govern price systems, market structures, and the roles of public policy, competition, and monopoly. Students will develop the analytical skills needed to determine profit-maximizing output levels, assess pricing behavior under various market conditions, and identify shutdown points. Emphasis is placed on promoting efficient resource allocation and deepening understanding of economic efficiency. By the end of the course, students will be prepared to engage thoughtfully in discussions on economic policy and resource management.