MICRO ECONOMICS COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
UIT217	MICRO ECONOMICS	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)
Students will be able to analyze consumer and producer behavior within the framework of basic microeconomic models.
Students will be able to explain price formation using the concepts of supply, demand, and market equilibrium.
Students will be able to calculate and interpret elasticity concepts economically.
Students will be able to compare firm behavior in different market structures (perfect competition, monopoly, oligopoly, monopolistic competition).
Students will be able to analyze the effects of government interventions (taxes, subsidies, floor-ceiling prices) on market outcomes.

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