The question of how individuals and firms use their resources to attain certain economic goals is examined. The central problem of scarcity is introduced. A brief study of how different economic systems try to solve this problem is undertaken. The market system is investigated as to how supply, demand, and price determine what and how much is produced. Effective decision-making in the marketplace is also examined.
Mankiw, Kneebone, McKenzie. (2019). Principles of Micro Economics with Mindtap Access (8th Canadian Edition). Toronto, Ontario: Nelson Education Ltd.
The Course Duration is 64 Hours
Course Homework Hours will be 10 hours per week approximately.
Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand
|Type of Assessment||Value|
A Candidate has to attain a minimum score of 50% overall to ensure successful course completion