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MICROECONOMICS COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
ECF207 MICROECONOMICS 3 3 3 6

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

Explain the basic concepts and assumptions in microeconomics. (2)
Analyze consumer behavior under uncertainty.(4)
Analyze the strategic behaviour of the perfect competition market, monopoly, monopolistic competition market and oligopoly market. (4)
Analyze producer equilibrium. (4)
Explain the product cost, short and long run all cost functions. (2)
Understand how to apply economic principles to a range of policy questions.