Core Course
EC101 – Microeconomics I
Course Unit Code: EC101
Type Of Unit: Core
Level of Course Unit: First cycle
Year of Study: First year
Semester: On demand
Number of ECTS Credits: 6
Class Contact Hours: 36
Mode of Delivery
Face to Face
Prerequisites
None
Course Objectives
The objective of this course is to provide students with the knowledge and understanding of consumer and firm behavior, analyze different types of market structures and understand how to apply economic principles to a range of policy questions.
Learning Outcomes
- Apply economy principles and tools to business problems.
- Predict the effect of changes in prices, incomes and competition on demand of a product.
- Predict the effect of changes in prices, incomes and competition on supply of a product.
- Assess the effects of changes in taxation, interest rates and other parameters on the business environment.
- Analyze the market structure of different industries.
Course Content
Course Features
Planned learning activities and teaching methods
Lectures; in-class discussion and debates; in-class exercises; problem sets
Assessment methods and criteria
20% Class participation (including written class quizzes) and problem sets
30% Midterm
50% Final Exam
Language of Instruction
English
Work Placement(s)
Not applicable
Readings
Textbooks:
1. Mankiw, G. and Taylor, M. (2020). Microeconomics, 5th ed.
Optional textbook:
2. Krugman, P. and Wells, R. (2018). Microeconomics, 5th ed. Parkin, M. (2019). Microeconomics, 13th ed.
English (UK) 
Ελληνικά