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. |