The aim of this course is to examine how the interactions of consumers, producers and government determine decision making process concerning the prices, output and regulations. The course also introduces how microeconomic theory is used to analyze and evaluate contemporary market systems. Consumer theory, production theory, market structures and price determination are some of the topics that are introduced throughout the course.

The lecture has a context of the microeconomic theory taught which includes consumer theory, production theory, market structures and factors that determines the price determination.