Microeconomics examines individual economic agents’ decisions—consumers, firms, and workers. It focuses on supply and demand, pricing, competition, and market behaviour. Understanding these elements helps analyse resource allocation, production efficiency, and consumer welfare within various markets and industries.

marks:

1. midterm (30 marks)
2. quiz one (7.5 marks)
3. quiz two (7.5 marks)
4. attendance (5 marks)
5. final ( 50 marks)

midterm (30 Marks)

chapter 1: thinking like an economist

chapter 3A: demand and supply

chapter 3B: market Equilibrium

quizzes (15 marks)

1. Quiz one on chapter one and three

2- quiz two on chapter 10 and 11

final (50 marks)

Chapter 10: Organising production

Chapter 11: output and costs