Microeconomics
About This Course
As per course description.
What You'll Learn
(a) Consumer – the buyer and user of end products
(b) Producer – the one who makes/sells the product
(c) Government – the one who intervenes in the marketplace
This module aims to explain individual choice under scarcity and its implications for the behaviour of prices and quantities in individual markets. It describes how individual persons, markets and institutions make their choices given finite resources, and the impact they have on one another, shedding light on the interlocking relationships among various entities in the marketplace. The module instils in students the ability to discover and apply basic microeconomic concepts to the understanding of everyday phenomena in the marketplace. Topics covered include how prices and quantities are determined in the marketplace, how firms make strategic choices given their constraints, and how governments can intervene in the marketplace when there is market failure.
Entry Requirements
‘O’ Levels: At least 3 ‘O’ Level passes in the following subjects
- English Language (EL1 or EL2) Grade 1 – 7
- Any Science subject Grade 1 – 6
- Any 1 relevant subject subject Grade 1 – 6
- And at least 1 year relevant work experience
Higher Nitec: GPA ≥ 2.0 OR GPA ≥ 1.5 AND at least 1 year relevant work experience
Nitec: GPA ≥ 3.5 OR GPA ≥ 3.0 AND at least 1 year relevant work experience
Higher Nitec in Technology/Services: GPA ≥ 2.0 AND at least 1 year relevant work experience
Nitec in Technology/Services: GPA ≥ 3.5 AND at least 1 year relevant work experience
WSQ: Relevant WSQ Advanced Certificate (or higher) AND at least 1 year relevant work experience AND Level 6 WSQ Workplace Literacy SOA and Workplace Numeracy SOA
Do not possess any of the above qualifications: Applicants who do not meet the entry requirements may be considered for admission to the course based on evidence of at least 2 years of relevant working experience.