IE205 : Micro-analytical economics

Department

Department of Islamic Economics

Academic Program

Bachelor in Islamic economics

Type

Compulsory

Credits

03

Prerequisite

Overview

The course (Micro-Analytical Economics) and its code (IE 205) is taught to second-year students of the Department of Islamic Economics, at the rate of two hours per week. The student studies several important topics, including the theory of traditional consumer demand, the theory of modern consumer demand, analysis of the effect of income and substitution in the case of ordinary goods, and demand elasticities The theory of supply and production in the long and short run, costs, perfect market competition, monopolistic market, monopolistic competition, oligopoly.The main objective of teaching the subject is to expand the analytical capabilities of the student through understanding the behavior of economic units and the foundations that govern the theory of production and consumer behavior, in addition to knowing the theoretical models of commodity and service markets, the theory of prices in light of different markets, with a focus on how to secure the highest possible level of satisfying desires. present and future through the available resources, through the study of welfare economics, and the identification of models and criteria related to increasing economic prosperity.The value that accrues to the student from studying the course is due to:The student should know the behavior of economic units and the foundations that govern production theory. - 1That the student knows the theoretical models of markets for goods and services. - 2 To understand the difference between micro and macroeconomics. - 3

Intended learning outcomes

For the student to link between study and application, for the student to solve economic phenomena and propose solutions, and first: mental skills:The student should use the acquired knowledge in solving economic problems. Second: Scientific and Professional Skills:Enhancing the student's ability to use what he studied in professional applications, the ability to understand and research economics books, extract information from its original sources, study the case, develop hypotheses, formulate the problem, and propose results and recommendations.