Understand how individuals and businesses make choices in a world of scarcity.
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What you'll achieve
Clear, practical outcomes you can build through quick repetition.
Master the principles of supply, demand, and price determination.
Study consumer behaviour and decision-making under scarcity.
Explore costs, production, and firm strategies.
Compare different market structures like monopoly and competition.
Apply insights to policy, business strategy, and real-world problems.

Course overview
Microeconomics focuses on the decision-making processes of households, firms, and markets. The course covers supply and demand, elasticity, consumer behaviour, production costs, market structures, and the role of government in regulating markets. Students will analyse how prices are determined, how resources are allocated, and how incentives influence behaviour. By combining theory with practical examples, microeconomics builds a foundation for understanding both everyday economic decisions and broader policy implications.
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