The course provides applications of the concepts of microeconomic analysis through the use of its tools in

the decision making process. It is concerned with both theory and practice: the theory serves to sharpen

analytical skills, and the practice will give experience in the application of the principles and techniques to

real-world business problems. Hence, students will increase their understanding of economics and learn a

variety of techniques that will allow them to solve business problems relating to costs, prices, revenues,

profits, and competitive strategies.