The course Overview of Microeconomics provides basic knowledge about the subject of microeconomics. The subject Microeconomics has high practical application such as helping to understand how commodity prices in the market are formed and how consumers make daily consumption decisions to maximize benefits as well as production and business decisions of enterprises in different types of markets to optimize profits. Within the scope of this course, the course provides preliminary knowledge about the mechanism of price formation in the market and business theory including production theory, cost theory and profit maximization principles of business in general.
