Intermediate Microeconomics: Consumer Behavior

Overview/Description
To introduce the learner to constrained consumer choice,demand curves, and cost of living adjustments

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: Consumer Behavior

  • To explain how economists analyze individual consumer preferences for goods
  • To explain how budget constraints affect consumer choices
  • To show how changes in budget and income affect demand for goods
  • To explain cost-of-living measures and their use in adjusting nominal values into real values
  • To demonstrate how to derive labor supply curves


    • Course Number: KME22SE