Module description:
-The first part of this course deals with advanced microeconomics where it deals with individual decision making.
-We first consider the decision maker in an abstract setting before moving to a market environment. Here we derive the consumer’s demand function and its properties.
-We also study fundamental topics such as:
*Utility maximization,
*Expenditure minimization,
*Duality and
*Welfare changes.
•By the end of this course, the students should have the understanding on the following:
*Types of markets structures
*Demand curves and supply curves in imperfect competitions
*Optimization process in several market structures
*Balance of payments,
*Economic growth and development models
Throughout this module, you will learn about the concept of scientific research, the research process, topic selection, literature review, project report structure, research strategy and design, crafting research proposals, ethical considerations, ensuring reliability and validity, understanding data features, primary and secondary data collection and analysis, and effective communication of research results, all aimed at developing your research skills through interactive sessions, practical exercises, and real-world case studies.