Course Description

BEC 111: Introduction Micro Economics is about how and why people make certain choices; spend their money, and how they are likely to behave when prices, incomes, and tastes change together with their impacts internationally, nationally, and at the individual level. 

BEC 111: Introduction to Micro Economics course introduces you to the fundamentals of scarcity and choice in resource allocation in the process of fulfilling the unlimited needs and wants of individuals and society at large.  In BEC 111 Introduction Micro Economics we will navigate through the; Definition of Economics, Scope and methodology of microeconomics, the difference between Micro Economics and Macro Economics, Consumer behavior and Demand Analyses, Elasticity, Theory of producer and Supply Analyses, Costs and production functions, Market structures, Monopoly, Oligopoly, Monopolistic competition, Perfect Competition, and applications to welfare Economic Analyses.

BEC 111: Introduction to Micro Economics course introduces you to the fundamentals of scarcity and choice in resource allocation in the process of fulfilling the unlimited needs and wants of individuals and Society at large.  In BEC 111 Introduction Micro Economics we will navigate through the; Definition of Economics, Scope and methodology of micro economics, difference between Micro Economics and Macro Economics, Consumer behavior and Demand Analyses, Elasticity, Theory of producer and Supply Analyses, Costs and production functions, Market structures, Monopoly, Oligopoly, Monopolistic competition, Perfect Competition, and applications to welfare Economic Analyses