Micro-Credential – Starting on 8th October 2025

• Weekday: Wednesday
• Time: 5:30 – 8:30 pm

This course focuses on microeconomic analysis and decision-making theory, touching on concepts such as scarcity, allocation of resources, demand and supply, elasticity and marginal utility. The concepts are then used to explain and analyse market structures, including perfect competition and monopoly. Other topics covered include cost-benefit, opportunity cost, externalities and market failures. The topic requires the use of some mathematical concepts and graphs.

Assessment

• No Exams, just practical learning – This programme is assessed through engaging and hands-on methods.
• Assessment Breakdown – 10% Participation, 70% Assignment and 20% Portfolio. 
• Plan ahead with ease – The assignment brief is provided in advance, allowing you to manage your study time effectively.
• Guidance every step of the way – You will receive continuous support and feedback to help you succeed throughout the course.

Tutors
Our tutors combine extensive real-world experience with strong academic backgrounds, delivering practical insights and industry expertise to enhance your learning.

Opportunities for further studies
Upon successful completion of this Award, you can:

• Take up the opportunity to follow other Awards in different areas of business and management, or
• Follow the Certificate in Business and Management (30 ECTS), and it will also lead you to further studies.

This award is designed for:

• Adult learners looking for an immersive learning experience in this field.
• Working professionals, who have been working for a number of years, and seeking to enhance their competencies, knowledge and skills in business and management.
• Prospective learners, who already have a Level 4 and/or a Level 5 qualification, and who would like to challenge themselves within this area, to further develop their expertise.

The entry requirements are:

• Three MQF/EQF Level 4 individual single subject qualifications and at least 18 years of age.

or

• One MQF/EQF Level 4 qualification of at least 120 ECTS, or equivalent and at least 18 years of age.

or

• A minimum of 2 years of relevant work experience and at least 21 years of age.

or

• The MATSEC Matriculation Certificate. This comprises 6 subjects, and include passes in a language, a science subject, a humanistic subject, and a pass in the subject ‘Systems of Knowledge’. Two of the 6 subjects must be at an Advanced Level, three of the subjects must be at an Intermediate Level and a pass at the ‘Systems of Knowledge’ subject.
• A pass (at least Grade 5 of better) in the Secondary Education Certificate examinations in the following subjects: English language, Mathematics, and one other subject.

Other equivalent (international) qualifications will be considered on a case-by-case basis.

All learners must have proficiency in the English language (evidence of use of the English language at work, 0-level pass in the English language, English as the national language or mother tongue, or other equivalent foreign qualifications equating to Common European Framework (at B2), such as IELTS (overall score of 6.0 with no element less than 5.5), Cambridge English (overall score of 169 with minimum scores of 162), TOEFL (at 72) and others).

Competences:

• Apply principles of economics accurately and appropriately to inform business decision-making
• Assess and analyse economic indicators such as GDP (Gross Domestic Product) and CPI (Consumer Price Index)
• Demonstrate the measurement of individual demand, supply and market demand
• Analyse factors which impact demand sensitivity and price elasticity

Knowledge:

• The understanding and role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making
• The concepts of absolute and comparative advantages
• The properties of different markets (local market, international market, short period market, unregulated market) and market types (financial market, product market)
• Differences between positive and negative externalities

Skills:

Applying knowledge and understanding

• Accurately interpret the law of demand and how equilibrium price and quantity are determined
• Apply the measurement of demand and supply sensitivity or elasticity relative to changes in price, income, and price of substitute goods
• Synthesize the relationship between the measurement of utility or satisfaction and its relationship to the law of demand
• Formulate solutions to issues of market failure and government failure

Judgement skills and critical abilities

• Determine the factors of production and production possibilities
• Define and categorise markets and list market types
• Differentiate different markets based on their individual properties

Module-Specific Communication Skills

• Use relevant and appropriate terminology when discussing and exchanging views in a business context.
• Communicate and articulate their ideas clearly in writing and orally.

Module-Specific Learner Skills

• Appropriately and accurately apply the Harvard referencing system.
• Acknowledge all sources of information
• Individually carry out further research in this area

Module-Specific Digital Skills and Competences

• Search, gather, communicate and share related information using digital resources
• Identify reliable, authoritative, and current digital sources

Terms & Conditions apply, talk to us for further detail on this programme.