This course aims to teach the students the main principles of microeconomics, the functioning of the market mechanism, analysis of demand and supply, elasticity and its practical applications. Besides that, an introduction of the interaction between demand and supply and governmental policies will be taught and also the surplus producer-consumer and the market efficiency. The students will have better knowledge on the basis of the functioning of the public sector economics which includes; public goods and main resources, the establishment of the tax system, the companies' behavior in the various market structures such as competing markets, monopoly, oligopoly and in a more detailed explanation about the labor and capital market.

The aim of this course is to teach students the principles and essential methods of the modern microeconomics theory. It also emphasizes the usefulness of those principles, methods and models which serve to study the current problems of microeconomics. They also serve to better understand the economic life and to analyze the consumers’ behavior.