Basic Microeconometrics

Microeconomics is the study of economic phenomena in markets, firms, and households. In the Basic Microeconomic Theory course, topics covered include further explanations of market demand, supply, and product distribution. Subtopics include market types, price and quantity determination, models of supply and demand in markets, and more. The lesson plan (RPS) explains that this course will examine the relationships between economic actors and how they participate and interact in the market.