Learning Objectives

After studying this course, the student acquires skills that enable them to:

• Master basic economic concepts, as well as the theoretical framework of consumer and producer behavior, and be able to use quantitative tools to measure and analyze rational consumer and producer behavior scientifically.

• Develop the ability to make informed decisions through the economic logic of each economic problem that falls within the framework of consumer and producer behavior.

• Understand individual consumption and production behaviors and relate them to both actual and theoretical behaviors.

• Cultivate a scientific economic culture and develop the rationality of their economic behavior, based on how to optimally achieve individual goals.

• Understand the methods and tools that assist in measuring the rationality of the decisions made by producers to achieve their goals, and to examine the mechanisms of equilibrium occurrence in various markets.