CLO1: Identify and describe the fundamentals and principles of microeconomics.

• PPF
• Normative & Positive Economics
• Trade-off and opportunity costs

CLO2: Outline the principles and application of market structures and functions in determining optimal price and quantity. Regulations to be supported by theory and quantitative methods.

• Market structures
• Price discrimination

CLO3:Examine and explain the theories of consumer and firm behavior using appropriate case studies.

• Utility (Marginal and Total)
• Budget Constraints, Budget Line (pivot versusshift)
• Consumer equilibrium