Basic Microeconomics

BMicroecon

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Welcome

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About this Course (or another introduction title)

This course introduces the students to the three pillars of economics analysis (choice, scarcity, and coordination) and the mathematical techniques that economists use to represent these ideas (optimization, equilibrium, and adding up constraints). Most of the course is devoted to “price theory” (demand and supply, elasticity, price regulation and consumer choice),  which is the analysis of the role that price play in facilitating coordination in a market economy. The last part of the course deals with situations in a market structure: perfect competition, monopoly, monopolistic, and oligopoly.

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