Intermediate Microeconomics: The Supply and Demand Model

Intermediate Microeconomics: The Supply and Demand Model

Overview/Description
To introduce the learner to microeconomics and the supply and demand model

Target Audience
Managers and prospective managers seeking to understand the theories and practice of consumer behavior and demand, and of production, cost, and supply

Prerequisites
A familiarity with basic economics

Expected Duration
5:00 Hours

Objectives:

Intermediate Microeconomics: The Supply and Demand Model

To introduce microeconomics

To introduce the supply and demand model for analyzing market forces

To show how nonprice determinants influence the market equilibrium for a commodity

To introduce the calculation of demand and supply elasticities

To describe the effects of taxes

Course Number: KME21SE