Micro Economics

This is a foundation course intended to introduce students to the theories and concepts in economics that will give them basic understanding of microeconomic theory and the micro economic concepts and tools that have direct Business applications. The students will gain an understanding of the interaction between business and economics and the relevance of economics in the business environment in deriving meaningful decisions. This course, in relation to business, will cover Demand and Supply Analysis, Market Analysis, Consumer behavior, theory of Production, Costs Analysis, Market Structures, and Organization of the firm and Business Motives.