Introduction To Micro Economics

COURSE TITLE:              INTRODUCTION TO MICROECONOMICS

CODE:                            ECO 11O1

HOURS TAUGHT:           3 Hours Per week

PREREQUISITES:          None

PURPOSE OF COURSE

The course introduces to the students the study of microeconomics which focuses on individual behaviors in an economy. It looks at the functioning of individual sectors in an economy. It also presents the basic analytical techniques of economic analysis

EXPECTED LEARNING OUTCOMES

By the end of the course unit, students should be able to:

• Explain  the basic economic concepts of scarcity, choice and    opportunity cost  and how they influence price and allocation of resources
• Discuss the operation of the economic systems.  
• Describe  firm background upon which to learn and understand the modern economic principles

Explain solutions to real world economic problems