2 Credits

Course material is about the principles used as a basis for decision making for consumers and the enterprise as producers.

The subject matter of this course include: an understanding of the theory of economic behavior of consumers and producers, the factors on which to base and the strength of consumer demand and supply producers of goods and or services, as well as a discussion of Welfare Economics (Welfare economics).

After following this course, students have the ability to understand and communicate the concepts, principles and micro-economic models, especially for take managerial decisions in business, both functional and integrative; and have the ability to apply and analyze the general and limited variety of microeconomic theoretical framework for the benefit of business and the results of other empirical studies.

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