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ECO402 : Microeconomics

Course Info

Course Category

Economics

Course Level

Undergraduate

Credit Hours

3

Pre-requisites

ECO401

Instructor

Dr. Talat Afza
Ph. D
Wayne State University –USA

Course Contents

Markets and price, The basics of supply and demand, Consumer Behavior, Individual and Market Demand, Choice Under Uncertainty, Elasticity of supply and demand, Production, Theory of cost, Profit Maximization and Competitive Supply, The Analysis of Competitive Markets, Market structure and competitive strategy, Pricing with market power, Monopolistic competition, Oligopoly, Competitive versus collusion, Market for factor inputs.