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INTRODUCTION TO ECONOMICS COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
UTI101 INTRODUCTION TO ECONOMICS 5 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)

Solve the impact of welfare and activity issues in economic decision-making processes.
Explain the factors affecting the determination of consumer preferences.
Explain how the markets work
Explain firm behavior for different markets.
The macro basically categorizes it on the measurement of the economy.
Compares the macro-economic process between short-term and long-term.