Course Code: BUS 105
Course Name: Introduction to Micro Economics
Prerequisite: BUS 103
Credit Hours: 3.00
Detailed Syllabus:Economics: basic concepts, tools and techniques; Theory of demand; elasticity; Consumer behavior and market demand; Theory of production and cost functions; Price and output determination in different product markets; Perfect competition, monopoly, oligopoly, and monopolistic competition; Factors of markets; Pricing of factors of production; Markets and economic efficiency; Public goods and externalities.