https://at-ceu.studyguide.timeedit.net/modules/UGST4017?type=COREThis course presents the foundations of microeconomics, including individual decision-making, theory of the firm and the concept of market equilibrium. The course introduces the main economic actors (households and firms) and shows how they interact in the markets. We will discuss scenarios in which markets work well and in which they fail.Most importantly, we aim to develop basic intuition about market forces and help students recognize how these forces work together to shape the world around us. Microeconomic theory provides the building blocks and the language all economists are using. A thorough knowledge of microeconomics will be crucial in any economics course in the future.