- Course Code :
ECO 200
- Level :
Undergraduate
- Course Hours :
3.00
Hours
- Department :
Department of Economics
Instructor information :
Area of Study :
This course gives an introduction to basic tools of microeconomic analysis (supply, demand, equilibrium, and elasticity). It highlights consumer behavior theory (indifference curve analysis, demand curves and Engel curves, price effect, consumer surplus, consumer equilibrium). It also identifies production theory and cost analysis (production function, iso-quants, iso-cost curves, least cost rule and different types of costs). Furthermore, it differentiates between market structures (perfect competition, monopoly, oligopoly, monopolistic competition).
Course Goals:
•Introduce students to consumer theory.
•Acquaint students with Production and Cost Theories.
•Analyze the interactions in the market and how to reach equilibrium.
•Introduce different types of markets and the factors affecting equilibrium in each.
• Introduce students to Price theory
For further information :
This course gives an introduction to basic tools of microeconomic analysis (supply, demand, equilibrium, and elasticity). It highlights consumer behavior theory (indifference curve analysis, demand curves and Engel curves, price effect, consumer surplus, consumer equilibrium). It also identifies production theory and cost analysis (production function, Iso-quants, Iso-cost curves, least cost rule and different types of costs). Furthermore, it differentiates between market structures (perfect competition, monopoly, oligopoly, monopolistic competition).
For further information :