Economic Theory (Field 1)

EE213 Introductory Microeconomics

3 (3-0-6)

(For students who are not Economics majors)

Concepts and applications of economic theories regarding fundamental economic problems, price mechanisms, the supply and demand of goods and services, basic theories of consumer behavior, production and costs, and price determination in perfect and imperfect competitive markets. Comparing market performances in resource allocation, basic theories of factor market and market failures.