The objective of this course is to introduce students to microeconomics, providing them with a strong foundation of the basic principles of economic theory. We will discuss consumer theory (preferences, choices, and demand), producer theory (production functions, cost minimization, and supply), and their interaction in the market, represented by the perfectly competitive equilibrium.
The objective of this course is to introduce students to microeconomics, providing them with a strong foundation of the basic principles of economic theory. We will discuss consumer theory (preferences, choices, and demand), producer theory (production functions, cost minimization, and supply), and their interaction in the market, represented by the perfectly competitive equilibrium.