Course Learning Outcomes:
• Comprehend the relevance and importance of economics in our lives.
• Explain and discuss the various economic decision-making in various market models
• Analyse the economic problem of scarcity, wants and choice.
• Use verbal, graphical, and simple algebraic tools to analyze microeconomic issues.
• Interpret elasticity of supply and demand in the competitive world of pure competition, monopoly, ologopoly.
• Relate the course information to the current economic situations
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