The aim of the first semester of Microeconomics is to provide candidates with an adequate knowledge and understanding of the tools of economic analysis and the situations and problems to which these tools are applied. The main topics in this course are the Central problem of Economics, Tools of Economics Analysis, Theory of Consumer Demand, and the Theory of Supply.  The main purpose is to apply these concepts of microeconomics to real-life problems.  Issues like government regulations, taxation, antitrust policy, public goods, technological change and policies towards the environment will be covered.  The course is intended to provide the basis for a board understanding of economics and to provide a satisfactory basis for further study of the subject.

Teacher: Lyann Flowers