Microeconomics
Training Provider: Republic Polytechnic
Course Reference: TGS-2022014847
S$560
Original: S$1,866
Save S$1,306
About This Course
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.
What You'll Learn
Microeconomics is applied to all individuals in all spheres of business: (i) Consumer – the buyer and user of end products (ii) Producer – the one who makes/sells the product (iii) 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 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.
Entry Requirements
Applicants should possess a relevant local polytechnic diploma or degree in any discipline. For applicants who do not meet the MER, the polytechnics will consider discretionary entry based on the structured process for discretionary entry to CET diploma programmes.
Course Details
Back to All Courses
Note: To apply for this course, visit or contact the training provider directly.
More Courses from Republic Polytechnic
The application of Computer Vision in object identification and classification is well-established s...
The course equips learners on the skills of qualitative market research such as facilitating focus g...
The course equips learners on the skills of qualitative market research such as facilitating focus g...