Lecture title: INTRODUCTION TO MICROECONOMICS I - LN (2018/2019)

Dr Imoisi Anthony Ilegbinosa   (Published 2018)

Dr Anthony Ilegbinosa
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Lecture Note

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: Lecture note(non-copyrighted)
Format: PDF document,   575.56 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 3:27pm
Last Modified: 29 Jan 2019
Lecture URL: https://www.edouniversity.edu.ng/oer/lecturenotes/introduction_to_microeconomics_i_-_ln_20182019

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