Microeconomics

Welcome to Principles of Microeconomics, the scientific study of the choices made by individuals and societies in regard to the allocation of scarce resources. This course delves into the core principles of economic analysis, exploring how these principles apply to everyday decisions made by consumers, firms, and governments. You will learn about the intricate dynamics of supply and demand, market equilibrium, and how various economic factors such as prices, taxes, and government regulations affect both consumer behavior and market outcomes. Through a blend of theoretical models and real-world applications, you will gain a profound understanding of how microeconomic concepts shape the world around us.