This course focuses on the fundamental issues of Microeconomics. The course begins with an introduction to supply and demand and the basic forces that determine the equilibrium in a market economy. Next, it introduces a framework for learning about consumer behaviour and analysing consumer decisions. We then turn our attention to firms and their decisions about optimal production, and the impact of different market structures on firms' behaviour. The analytical context of the course is as follows: Supply and Demand: Introduction to Microeconomics, Applying Supply and Demand, Elasticity, Equilibrium; Consumer Theory: Preference and Utility, Budget Constraints, Deriving Demand Curve; Producer Theory: Production Function, Cost Minimization, Deriving Supply Curve; Main Market Forms: Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly.