A good grasp of microeconomics is vital for managerial decision making, for designing and understanding public policy, and, more generally, for appreciating how a modern economy functions. In fact, even understanding the news each day often requires knowledge of microeconomics. Topics such as game theory and competitive strategy, the roles of uncertainty and information, and the analysis of pricing by firms with market power, are of high importance for microeconomics. Microeconomics is an exciting and dynamic subject. The ninth edition of Microeconomics provides a treatment of microeconomic theory that stresses its relevance and application to both managerial and public policy decision making. This applied emphasis is accomplished by including examples that cover such topics as the analysis of demand, cost, and market efficiency; the design of pricing strategies; investment and production decisions etc. Except for appendices and footnotes, Microeconomics uses no calculus. As a result, it should be suitable for students with a broad range of backgrounds.

The main objectives of this course are: 1. To form their opinion about the economic situation in the country, region and global level. 2. To present in graphic form and through simple mathematical models their opinions on the functioning of markets, solving problems and explaining economic situations. 3. To be informed about the theories of microeconomics and to develop critical thinking. 4. To think strategically for an effective decision-making that takes into account not only the financial implications, but also other elements, for example, social, cultural, environmental, political, etc.