What you'll learn
Factors of production, production function, law of diminishing
returns and decreasing return to scale Markets, Specialization and division of
labor, law of returns to scale Demand, supply and elasticity, equilibrium price
in perfect competition, changes in demand and supply, impact of taxes,
subsidies and compulsory pricing, an introduction to consumer behavior and
demand side analysis, an introduction to the behavior of the firm and supply
analysis, production cost and firm equilibrium, an introduction to distribution
Description
The course is designed for the beginners with either no formal background or very little acquaintance with economics. The objective is to give the students with a clear understanding of the basic concepts, tools of analysis and terminologies used in microeconomics. Emphasis will be on the use of graphs, diagrams and numerical tables/schedules for exposition. The teacher is expected to draw examples from the surrounding world to clarify the concepts
Course Instructor
Abdishakur Maxamed Xusen, the course
instructor, is an economic expert and University lecturer. Abdishakur has over ten years of teaching experience at university.
, He has specialized in introducing students to Economics through an intuitive
approach that focuses on understanding instead of remembering formulas by heart.
Abdi also served as a senior consultant for
private companies and government institutions and he has professional experience
on data analysis. He has Master of Economics and Bachelor of economics.
Requirements
None
Eligibility
H.S,Diploma
