Microeconomics is the study of what is likely to happen when individuals make choices in response to changes in incentives, prices, resources, and / or methods of production. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers and business owners. This paper will cover Intertemporal Choice and Capital Decisions, General Equilibrium and Welfare Economics, Externalities and Public Goods, Asymmetric information and Behavioural Economics.
- Teacher: IBRAHIM CHOLAKKAL FACULTY