This course seeks to provide an in-depth understanding of basic economic concepts and scarce resources, markets in which supply, demand and prices are examined in connection with consumers as well as producer behavior. The students can also evaluate various types of market structures as well as the Government intervention into the market. In addition, knowledge in the subject would enable the students not only to understand various broad economic issues of a country or a region but also to evaluate macroeconomic policies as well as economic fluctuations both in a country and in the world
The subject also provides the students with necessary abilities to evaluate economic variables of efficiency. All of this helps students plan for a company’s short-run and long-run development more effectively with consideration of effects of the government’s policies.
It also provides students with necessary abilities to evaluate economic variables as a whole.
Concepts, principles, and analytical tools in this course will be applied to real-world problems through lecture, examples, homework assignments, group discussions, and final essays.