Principles of Microeconomics Summer Semester 2023 Instructor: Amin Babazade (PhD) Office Hours: By appointment
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- Aims and Learning Outcomes
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Principles of Microeconomics Summer Semester 2023 Instructor: Amin Babazade (PhD) Office Hours: By appointment Course Description/Overview This is an introductory course in microeconomics, which provides insight into the economic way of thinking and covers fundamental economic concepts. Economics lies at the heart of the modern world and has a profound impact on our daily lives. In studying economics, you will have an opportunity to develop understanding of increasingly important issues that take up a great portion of daily news and shape the world in which we live. Microeconomics focuses on the decisions made by individual consumers and firms and explains their behavior within markets. The course will start from the basic economic concepts of scarcity, trade-off, and opportunity cost, proceeding to the model of demand and supply, which forms the basis of market mechanism. We will also examine various models of market structures and evaluate them from the perspective of important economic decision-makers. This course will help students to develop strong analytical skills, sharpen their ability to think critically and deliver well-structured economic arguments. A theoretical framework developed within the course forms the basis of macroeconomic topics as well as higher-level courses of economics. Aims and Learning Outcomes Academic Aims The academic aims of this course are to improve and deepen students’ knowledge of economic theories, applications, and cases to provide them ability and skills to understand economic concepts and existed sophisticated literatures. Learning Outcomes By the end of the course the students will be able to: Establish knowledge and understanding of the basic microeconomic concepts and appreciate the consequences of economic decisions. Apply the materials learned in the program to policy relevant issues and be able to understand current events and to assess the likely impact of specific policies put forth by various government entities Demonstrate ability to present and communicate well structured economic arguments. Yüklə 20,79 Kb. Dostları ilə paylaş:
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