Microeconomics refers to the field of economics that deals with the single factors and the effects of individual decisions. It studies the behaviour of individuals, households and firms in decision making specifically about how those decisions affect the utilisation and distribution of scarce resources.
Microeconomics shows you the how and why different goods have different values. You will know the ways for making more productive decisions and the methods to coordinate and cooperate with one another. The [course_title] course covers all these areas of Microeconomics and explains the concepts of supply and demand, consumer, marginal cost, producer, market strategy and more.
This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer needs to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.
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Course Credit: Saylor Academy
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