INTRODUCTION TO MICROECONOMICS I

Dr Imoisi Anthony Ilegbinosa   (Published 2018)

Dr Anthony Ilegbinosa
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Abstract

The course is aimed at acquainting the students with the basic microeconomic theory. Topics covered include theoretical foundations of the subject; Problems of scarce resources; allocation of resources in product and factor markets with application to Nigerian and other economies; price system; role of price mechanism and consumer sovereignty; the concept of equilibrium; possibility of disequilibrium, partial equilibrium and general equilibrium analyses are discussed; Cobweb theory; supply and demand theory; equilibrium in the market; revenue and elasticity of demand.


Item Type: Courseware(non-copyrighted, full text)
Format: PDF document,   571.34 KB
Copyright: Creative Commons LicenseCreative Commons license
Keywords: Introduction to Microeconomics I
Department: Accounting and Economics
Field of Study: Economics
Uploaded By: Aimomoh Joseph Inofe
Date Added: 29 Jan 2019 3:24pm
Last Modified: 29 Jan 2019
courseware URL: https://www.edouniversity.edu.ng/oer/courseware/introduction_to_microeconomics_i


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