| SUBJECT CODE |
: DCA108 |
| SUBJECT NAME |
: MICOECONOMICS |
| SEMESTER |
: 2 |
| CREDIT HOURS |
: 3 |
| SCHOOL |
: School of Secretarial Studies |
| COURSE |
: Diploma / Diploma in Corporate Administration |
OBJECTIVES
To
provide students with a basic introduction to the essential principles
of microeconomics; provide analytical tool kit necessary to critically
analyse, correlate and discuss solutions to economic problems in the
changing economic environment within which business organization have
to operate.
LEARNING OUTCOME
On completion of this subject, the learners should be able to:
- analyse how changes in the conditions of demand and supply affect the equilibrium market price and quantity of a commodity
- apply the basic microeconomics principles in the course of studying macroeconomics
- make use of costs concepts and calculations in their business survival decision-making
- analyse economic problems in the changing business environment
- assess the operation of economic institutions.
SYNOPSIS
This
subject introduces student to fundamental economic theories, concepts
and policies; apply economic principles and concepts to decision-making
in a business environment; achieve understanding in a business and
economic environment; and understand their effect upon business
organisations and markets.