The indicative syllabus of this module is outlined below:
Supply & Demand
Theory of Consumer Choice
Price Elasticity of Demand
The Labour Market
The concepts of microeconomics underpin a lot of what happens in the marketplace. However, many of these concepts, although vitally important are invisible, therefore an understanding of these invisible forces and the workings of the market are of importance to business interests to assist in a variety of planning functions, such as forecast planning.
The aims of this module are to enable the learner to;