ECO2101 Microeconomics I

This course builds on the introductory microeconomics learnt in first year.  It covers the concepts of; the theory of market demand and consumer behavior; the theory of production behavior, the theory of costs and market structures. To facilitate the learners to have a deeper insight into microeconomics.

General Course Objectives
By the end of the course, the participants should be in a good position to:

• To explain concepts of the theory of consumer behaviour
• To describe the indifference curve
• To explain the concept of market demand
• To describe the theory of market in the present context
• To discuss the theory of production
• To give of account for the theory of costs, market structures, monopoly, oligopoly and general equilibrium 

Expected Learning Outcomes

• Understand, explaining and predicting microeconomic behavior. 
• Apply the Knowledge and skills acquired in this course in other branches of economics such as public sector economics, environmental economics, labour economics etc.