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<span class="text-[var(--sc-brand)]">MGT 203</span> · Microeconomics for Business

Bachelor of Business Studies (BBS) · First Year

8 units 24 topics
UnitChapter & topics
1

The Economic Way of Thinking

  • • Scarcity and opportunity cost
  • • Production possibility frontier
  • • Economic systems
2

Demand & Supply Analysis

  • • Determinants
  • • Equilibrium and adjustment
  • • Government interventions
3

Elasticity & Applications

  • • Price, income, cross elasticity
  • • Revenue links
  • • Tax incidence
4

Consumer Theory

  • • Cardinal utility
  • • Indifference curves
  • • Budget lines and optimum
5

Theory of Production & Cost

  • • Isoquants
  • • Cost minimisation
  • • Long-run scale behaviour
6

Perfect Competition & Monopoly

  • • Short-run and long-run equilibrium
  • • Efficiency comparisons
  • • Price discrimination
7

Imperfect Competition

  • • Monopolistic competition
  • • Oligopoly behaviour
  • • Game theory intro
8

Factor Markets & Welfare

  • • Labour and capital markets
  • • Economic rent
  • • Market failure sources