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Microeconomics: The Engine of Everyday Decisions
principles of microeconomics
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574 students
43 mins on-demand video

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Microeconomics is the branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources. The course covers fundamental concepts such as supply and demand, price determination, consumer behavior, production and cost theory, market structures (like perfect competition, monopoly, and oligopoly), and the role of government in regulating markets. Students will learn how markets function, how prices and outputs are determined, and the factors that affect economic decision-making. Additionally, the course may include topics like externalities, public goods, and the impact of taxes and subsidies

Table of content Unit 1: Introduction to economics •

Unit 2: Supply and Demand •

Unit 3: Elasticity and its Applications

• Unit 4: Markets and Individual Maximizing Behavior

• Unit 5: Introduction to Consumer Choice •

Unit 6: The Producer

• Unit 7: Market Structure: Competitive and Non Competitive Markets

• Unit 8: The Role of the Government in a Market Economy



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"Microeconomics UnlockedMastering the Art of Decision-Making
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2,649 students
1 hour on-demand video

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