About
This course introduces students to the foundations of microeconomics: the study of how individuals, households, and firms make choices under conditions of scarcity. Students will explore core concepts such as opportunity cost, supply and demand, elasticity, and market structures, while also examining the role of government, factor markets, and behavioral influences on decision-making. Through real-world examples, from coffee shop pricing to labor markets and Uber surge pricing, students will see how everyday choices ripple outward to shape markets and the economy as a whole. By the end of the course, students will understand not only the theoretical models of microeconomics but also their practical applications in business, policy, and daily life.