MICRO-CREDENTIAL IN ECONOMIC INSIGHTS

About this Module

What you will learn

Economic Insights" is a micro-credential designed to provide learners with a foundational understanding of economic principles. This course explores both microeconomic and macroeconomic perspectives, helping learners grasp key concepts such as supply and demand, market structures, government policies, inflation, and unemployment.Through interactive learning materials and engaging activities, participants will gain economic literacy and understand how economics influences businesses, governments, and individuals.

What skills you will gain

By completing this microcredential,learners develop essential skills such as economic thinking, analytical and problem-solving abilities, and the capacity to interpret market behavior. They also enhance their critical thinking, and global economic awareness, enabling them to make informed decisions and better understand real-world economic issues.

Total contents and assessments

5 videos, 6 interactive activities, 5 interactive quizzes, and 1 test.

Module Details

CLUSTER : Business & Management ( SP )
MODE/DURATION : Flexible
LENGTH : 20 days
EFFORT : 2
LEVEL : Beginner
LANGUAGE : English
CERTIFICATE : Yes
CPD POINT : 0
PRICE : Free

Associated Course (s) :
No Course

 Syllabus

1.1 Definition of demand and law of demand
1.2 Determinants of demand
1.3 Definition of supply and law of supply
1.4 Determinants of supply

2.1 Determination of equilibrium price and output
2.2 Government intervention in the market
2.2.1 Maximum price
2.2.2 Minimum price

3.1 Short-run production
3.2 Law of diminishing marginal returns
3.3 Short-run costs
TC, TVC, TFC (definition & calculation)

4.1 Perfect Competition
4.1.1 Characteristics
4.2 Monopoly
4.2.1 Characteristics
4.3 Monopolistic Competition
4.3.1 Characteristics
4.4 Oligopoly
4.4.1 Characteristics

5.1 Definition of inflation
5.2 Types of inflation
5.2.1 Demand-pull inflation
5.2.2 Cost-push inflation
5.3 Effects of inflation
5.4 Measures to control inflation
5.5 Definition of unemployment
5.5.1 Types of unemployment
5.5.2 Effects of unemployment
5.5.3 Measures to control unemployment

Our Instructor

KHAIZIE SAZIMAH BINTI AHMAD

Course Instructor
UiTM Kampus Alor Gajah
4.3 (average sufo) instructor rating 8 course(s)

DR. KHAIRUNNISA BINTI ABD SAMAD

Course Instructor
UiTM Kampus Alor Gajah
4.3 (average sufo) instructor rating 9 course(s)

DR. ROSMAIZA BINTI ABDUL GHANI

Course Instructor
UiTM Kampus Alor Gajah
4.3 (average sufo) instructor rating 11 course(s)