Microeconomics

Introduction to Economics: Microeconomics and Macroeconomics, Methods and tools of economic analysis, Formats and functions. Cramped, Choice and Opportunity Cost Demand, Supply, determinants of demand-supply .. Elasticities: demand elasticity to price, cross-price elasticity, income elasticity The consumer theory The production theory. The perfect competition. the monopoly The imperfect competition. State intervention.

Objectives

The Micro-economic theory introduces the student to the issues of optimal decision-making and operation of micro-units (enterprise-Household). Also how through the right management of the scarcity of resources (inputs) businesses and households try to maximize the defined economic objectives. The student should understand the basic mechanisms of production and the various elements that constitute production costs in order to contribute to the optimum use of inputs will be made available. Understanding the different types of markets (teleios- imperfect competition) will help to take protective measures and strengthen the firm's position in the competitive environment. On a microeconomic (and macroeconomic) environment which is what is competitive, the student an economic direction department, such as Accounting department, must necessarily know the mechanisms of micro-units is to run the household. How they make decisions these micro-entities? How to make best use of production factors to improve the competitive ability and usefulness. What role played by market forces, supply and demand balance in the formation conditions of the various segments of goods and inputs.

Prerequisites

No

Syllabus

Introduction to Economics: Microeconomics and Macroeconomics, Methods and tools of economic analysis, Formats and functions. Cramped, Choice and Opportunity Cost Demand, Supply, determinants of demand-supply .. Elasticities: demand elasticity to price, cross-price elasticity, income elasticity The consumer theory The production theory. The perfect competition. the monopoly The imperfect competition. State intervention.