| Microeconomics

We come across numerous decisions in our daily routine that involves the making of choices and tradeoffs – allocation of time, choice of careers, purchases, government policies among other that have a bearing on us. In many ways economics helps to understand these choices or policies and hence is an important discipline to study. This is an introductory course on microeconomics which deals with a ‘micro’ perspective or decision making by ‘individual’ units such as a consumer, or firm or a particular industry. We make choices as resources are scarce and in the process engage in tradeoffs. How do we make such choices and are they optimal? Do we even look for optimality? Microeconomics provides you with the tools to both understand and analyze such decisions and gives a fun and alternate perspective of the world around us.

The course will involve the use of mathematics and prior knowledge of calculus such as differentiation will be important.