| 1 | By using basic economic concepts such as production, cost, revenue, marginal utility, budged constraint it explains and interprets utility and profit maximization |
| 2 | Identify causes for changes in supply and demand for goods and predict the consequences of the changes on market outcomes. |
| 3 | Demonstrate an understanding of economic theories of households and firms behavior, which it is a necessary for understanding of a society. |
| 4 | Identify different markets such as perfect competitive , oligopoly, monopoly markets and the behavior of firms in those markets. |
| 5 | Recognize and analyze the society choices. |
| 6 | Locate, use and interpret economic data for industry analyzes. |
| 7 | Identify the optimal time for a firm to enter and to exist the industry. |
| 8 | Use the knowledge of microeconomic concepts to maximize profit and/or minimize cost. |