Student Activity: Toward a More Sustainable Campus through Innovative Design and Practical Application
On September 14th, 2024, the Accounting Department of Cihan University Sulaimaniya held a seminar titled “The impact of microeconomics in economic development” presented by Prof. Dr. Hatem Hatef Abdulkathim. Microeconomics plays a crucial role in economic development by analyzing individual decision-making processes and resource allocation. It helps understand how consumers, firms, and markets interact, driving efficient production and consumption. By addressing market failures, microeconomics promotes optimal distribution of resources, fostering innovation and competition. It provides insights into pricing, demand-supply dynamics, and factors influencing poverty reduction. Through informed policy-making, microeconomics aids in creating an environment conducive to sustainable economic growth and development. The seminar is important for understanding how microeconomic decisions impact resource allocation, market efficiency, and individual behavior. It helps in shaping policies that drive innovation, competition, and sustainable economic development.
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