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ECON 2020 Microeconomic Principles

Microeconomics as per the course ECON 2020 Microeconomic Principles uses a set of fundamental principles to know about how people behave in certain situations involving economic or financial transactions. These principles also include the law of demand and supply, opportunity costs, and utility maximization.

As per the course ECON 2020 Microeconomic Principles, fundamental concepts of supply and demand, choice of rational, efficiency, opportunity costs, incentives, production, profits, competition, monopoly, externalities, and public goods will help one to understand the world around them.

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