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Bachelor of Business Administration

Principles of Microeconomics

Course ID
ECO222
Course Name
Principles of Microeconomics
Prerequisite
MAT185
Level
Undergraduate
Credits
3
Method
Lecture

This course delves into microeconomic principles, focusing on supply and demand, market structures, and consumer behavior. You will learn how individual economic agents make decisions and how these decisions affect resource allocation in various markets.

Useful in Business:

  • Microeconomic knowledge enables you to analyze market dynamics, optimize pricing strategies, and understand consumer behavior, which are critical for business success.