Microeconomics seeks to understand the forces influencing the choices individuals make as they cope with the problem of scarcity. Much of the analysis here is based on the assumption that human behavior is predictable. In analyzing economic phenomena, many simplifications are made to isolate the basic constraints under which persons must make decisions. The role of prices in influencing economic decisions is studied extensively in microeconomics. The aim of the subject is to teach students use the theory in practice and course will focus on consumer behavior, theory of the firm, production and costs, perfect competition, imperfect competition, game theory and factor market.