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Main
UQU Programs
Actuarial Science and Financial Mathematics

Microeconomics

ECO1122
3 hours English

Microeconomics

Microeconomics
1 Ice-breaking & Course Introduction / - What is Economics? / - Is There a Need to Study Economics? / - Difference Between Microeconomics & Macroeconomics / - Scarcity and Shortages
2 Resources & Factors of Production / - Society’s Choices / - The Factors of Production / - The Production Possibilities Frontier (PPF) Curve
3 Consumer Choice Theory / - Indifference Curves / - Budget Constraint / - Consumer Choice
4 Production and Cost Analysis / - Costs of Production / - Profit Maximization / - Producer Choice
5 Demand Theory / - The Demand Curve and the Law of Demand / - Factors Affecting Demand
6 Supply Theory / - The Supply Curve and the Law of Supply / - Factors Affecting Supply
7 Market Equilibrium and Disequilibrium / - What is the Market? / - Market Equilibrium and Disequilibrium
8 Market Structures: Perfect Competition
9 Market Structures: Monopolies
10 Market Structures: Monopolistic Competition
11 Market Structures: Oligopoly
12 Elasticity of Demand / - Price Elasticity of Demand / - Determinants of Price Elasticity of Demand
13 Elasticity of Supply / - Price Elasticity of Supply / - Determinants of Price Elasticity of Supply
14 Revision
1.1 Mapped to: K1

Describe the nature of economics in addressing the problem of scarcity and how economic principles are applied to manage limited resources efficiently.

Teaching Strategy Lectures, Case Studies, Exercises
Assessment Methods Exams, Case Study Reports
1.2 Mapped to: K3

Recognize and understand the fundamental economic theories and concepts at the microeconomic level.

Teaching Strategy Discussions, Case Studies
Assessment Methods Exams, Case Study Reports
2.1 Mapped to: S1

Conduct supply and demand analysis to evaluate the impact of economic events on markets.

Teaching Strategy Lectures, Exercises
Assessment Methods Exams, Case Study Reports
2.2 Mapped to: S2

Analyze consumer behavior in relation to product demand.

Teaching Strategy Lectures, Exercises
Assessment Methods Exams, Case Study Reports
2.3 Mapped to: S3

Justify different approaches to identifying, analyzing, and solving various microeconomic problems.

Teaching Strategy Lectures, Exercises
Assessment Methods Exams, Case Study Reports
3.1 Mapped to: V1

Engage in meaningful dialogues and demonstrate openness to accepting others' opinions.

Teaching Strategy Discussions, Exercises
Assessment Methods Group Project Presentations
3.2 Mapped to: V2

Uphold Islamic values such as tolerance, cooperation, self-evaluation, and acceptance of constructive criticism from others.

Teaching Strategy Discussions, Exercises
Assessment Methods Group Project Reports and Presentations
Assessment
Weight
Homeworks
10%
Quiz
10%
Mid term
30%
Final Exam
50%
Total
100%