Microeconomics (part of the MC2 of Diploma in Business Practice (Customer Relationship & Service Management))
About This Course
This is part of Modular Certificate in Business Essentials (MC2) of Diploma in Business Practice (Customer Relationship & Service Management))
This module consists of 30 hours of training.
What You'll Learn
1. Explain key economic issues affecting a country and its businesses using microeconomic concepts to the real business environment.
2. Analyse the impact on the equilibrium price and quantity of a product or service in response to market forces driving changes in demand, supply and elasticities.
3. Explain the issues of production factors and the associated costs of a firm with reference to its operations in different production time periods.
4. Analyse the behaviour of a firm with reference to the market structures that it operates in.
Entry Requirements
Applicants with any of the following qualifications are invited to apply for the course:
1. Minimum of 3 GCE ‘O’ Level credits, including English, Mathematics and at least 1 year of relevant working experience;
2. NITEC with GPA ≥ 3.5 OR
GPA ≥ 3.0 and at least 1 year of relevant working experience;
3. Higher NITEC with GPA ≥ 2.0 OR
GPA ≥ 1.5 and at least 1 year of relevant working experience;
4. NITEC in Services / Technology with GPA ≥ 3.5 and at least 1 year of relevant working experience;
5. Higher NITEC in Services / Technology with GPA ≥ 2.0 and at least 1 year of relevant working experience;
6. Relevant WSQ Advanced Certificate (or higher), and at least 1 year of relevant working experience and Workplace Literary & Numeracy (WPLN) at Level ≥ 6.
7. Others - At least 2 years relevant work experience (subject to interview/assessment).
Recognition of Prior Learning (RPL)
Applicants who do not meet the entry r