a.
Knowledge and Understanding:
1-
Identify microeconomic principles related to decision making, costs, efficient resource allocation, and production.
2-
Observe microeconomic issues facing market economies such as market failures and government intervention policies needed for efficient resource allocation.
3-
Comprehend the basic mechanisms of the goods market in terms of the
4-
Understand simple mathematical, verbal and diagrammatic methods of analysis.
5-
Investigate alternative microeconomic policy responses.
6-
Recognize the importance of research in understanding microeconomics in the real world.
b.
Intellectual Skills:
1-
Subdivide different microeconomic methodological tools into mathematical and diagrammatical methods of analysis to explain microeconomic issues.
2-
Analyze the characteristics of alternative microeconomic models.
3-
Link microeconomics with other social branches to facilitate the decision making process.
4-
Interpret key microeconomic principles to various practical and policy issues.
5-
Examine different microeconomic data analysis techniques in analyzing and interpreting international economic phenomenon such prose, tables, and graphs.
c.
Professional and Practical Skills:
1-
Conduct simplified supply and demand models along with elasticity characteristics to estimate the consequences of changes in the market for goods and services on quantity and price.
2-
Contribute in decision making by acquiring important skills in numeracy, literacy, and information processing.
3-
Conduct profitability and cost-benefit analysis evaluations to analyze firm performance.
4-
Use both qualitative and quantitative skills in solving economic problems.
d.
General and Transferable Skills:
1-
Experience with conceptual frameworks effective for problem solving and decision making.
2-
Acquire analytical reasoning skills, numeric and clear effective communication skills.
3-
Test the ability of students to work under pressure and as part of a team.
