This intermediate course introduces the core ideas of microeconomics: scarcity, factors of production, tradeoffs, opportunity cost, the production possibilities frontier, economic efficiency, and marginal decision-making. Students apply these concepts to everyday choices, resource allocation, production scenarios, and practical cases involving education, work, consumption, and business decisions.

An intermediate introduction to microeconomics covering scarcity, the principles of decision-making, opportunity cost, the production possibilities frontier, and marginal analysis. Students learn how individuals, firms, and societies make rational choices with limited resources.