Undergraduate Certificate in Introduction to Microeconomics for Business
-- ViewingNowThe Undergraduate Certificate in Introduction to Microeconomics for Business is a comprehensive course that lays the groundwork for understanding the fundamental principles of microeconomics in a business context. This certificate program highlights the importance of supply and demand, market structures, consumer behavior, and production costs.
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โข Microeconomic Concepts: Supply and demand, elasticity, production costs, market structures
โข Consumer Behavior: Utility theory, demand curves, consumer surplus
โข Production and Costs: Production functions, isocosts, average total cost
โข Market Structures: Perfect competition, monopoly, monopolistic competition, oligopoly
โข Game Theory: Strategic decision making, Nash equilibrium
โข Labor Markets: Human capital, wage determination, unemployment
โข Public Goods and Externalities: Free riding, market failures, government intervention
โข Price Controls and Subsidies: Price ceilings, price floors, minimum wages
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