The Course reviews basic concepts of economics, micro economics economic system and its tasks. The major areas covered include theory of the firm: production Economics, costs and cost functions; consumer theory, market structure and market failure, resources, production, costs and functions, profit maximization, Decision making.
The objective of the thematic area is to enable students to understand and be able to apply economic concepts, theories of the firm decision making consumer theory price for mention analysis factor. (markets) and failure.
The focus in economics as a thematic is to cultivative a sense of entrepreneurship,develop skills in business,apply economic skills to development,analyze and interpret data.