Course Title: Microeconomics
Course Code: UU-ECO-1105/2304-UG
Programme: Bachelor of Science in Business, Accounting and Financial Management - BL
Microeconomics is the study of parts of the economy like individuals, firms and industries. Students will examine problems that arise within these sectors of economy and how these problems can be solved.
The main objectives of the course are:
- To develop an economic way of thinking
- To introduce graphical analysis
- To understand the concepts of demand and supply
- To comprehend the decision-making process regarding the optimal level of output
- To identify and distinguish among different market structures.
Course/Module Learning Outcomes:
After completion of the course students are expected to be able:
- To apply graphical analysis on economic issues
- To identify how equilibrium price is determined in a free market through the interaction of supply and demand. To demonstrate the concepts of demand and supply analysis relevant to the business environment
- To analyze market examples and applications to simulate realistic business experience
- To discuss the dynamics of income distribution and resource allocation
- To explain the importance of the regulatory role of the government.
Prerequisites Categories: -
Typical Module duration: 4.0