This course picks up from where the course Introduction to Economic Theory stopped. The course goes into more detail on how consumers and producers make decisions and how these decisions affect markets with emphasis on consumption and production of foods and agricultural products.
The main aim of the course is to make students able to use gained knowledge and tools in answering interesting microeconomic questions.
By successfully completing this course the student:
will have a good knowledge and understanding of the basic theory around consumer and producer decision making.
will understand the fundamental ways by which consumers, markets and the state interact in markets.
will be able to use microeconomic tools to evaluate economic problems and decide on which policy measures are more relevant for addressing social problems.
will have the ability to analyze and interpret data relevant for microeconomics that can be used in making judgements about related socio-economic problems.
