The purpose of this course is to lay a solid foundation in the principles of economics by exposing students to the major microeconomic theory, principles and their applications. The course covers the general principles of economics in terms of meaning, scope, methodology, scarcity, choice and opportunity cost. It also covers the production possibility frontier, the theory of consumer behaviour, the price theory of demand and the theory of supply as well as market equilibrium.
Course Code:
ECNS 111
Credit Hours:
3
Attach a Programme:
