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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The Introductory Microeconomics certification course is entirely based on elementary education about learning the functions and roles of minor role players of the economy. The main focus of the entire course is emphasized on learning about the main segments of different markets of the particular economy. After enrolling in Introductory Microeconomics certification, the candidate will learn about a field of economics that explores the conduct of individuals and firms in making decisions about the distribution of scarce capital and the relations between these firms and individuals. The entire aim of microeconomic theory is to examine market processes that set relative prices between goods and services and devote scarce capital to possible alternatives.
Microeconomics reveals the circumstances under which free economies give rise to attractive allocations. It also showed problems when markets struggle to deliver productive outcomes. While analyzing microeconomics, it focuses on the following topics: economic issues, businesses, individuals, productivity, inflation, rates, taxes, production, supply, business, consumption, unemployment, etc. The Introductory Microeconomics training will help the candidate to learn more in-depth about every particular segment of the markets and economy.
The Highlights
- Certified Introductory Microeconomics online course
- Affiliated with the guidelines of UGC
- Undergraduate level course
- Specialization in economics
- 16-weeks duration program
Programme Offerings
- In-class tutorial sessions
- Recorded lectures
- quizzes
- Reading Materials
- Course content
- Certification credit
- Internal and external assessments
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | Maharani's Arts College for Women, Mysore |
Eligibility Criteria
Work experience
For applying in Introductory Microeconomics by Swayam, candidates don't require any sort of prior work experience in the respective field, they can take the course without any post work experience.
Education
The candidates applying for Introductory Microeconomics certification don’t require any sort of compulsory education in the receptive field but somehow understanding about the 10+2 level economics will surely help the candidate to understand the course more effectively.
Certification qualifying details
In order to get eligible for Introductory Microeconomics certification, the candidate needs to score as per the norms set by UGC in both the internal and external examinations. The enrolled candidate must obtain 40% as an aggregate score in both internal and external examinations for evaluation for the certification.
What you will learn
After completing the Introductory Microeconomics programme, the candidate will learn about the following aspects -
- The candidates will learn about different minor to major parts of the economy.
- The candidates will learn about different segments of each market and will learn about the functioning.
- The candidate will learn about consumer behaviour and about forces that have an impact on consumer behaviour.
- The candidates will learn about producer behaviour and their relative functioning.
- The candidates can make a difference in each type of market.
- Candidates will be able to learn from the execution of their learning through different assignments.
- Candidates will learn about the working of the labour market.
- The candidates will learn about the elasticity of different market forces, demand and supply.
Who it is for
Several candidates can apply for the program:
- Aspirants who want to know about market functioning, failures, and performance can take this core course.
Admission Details
Candidates applying for the Introductory Microeconomics certification course follow the below-mentioned step for the procedure -
Step 1: Look at a preview of the program at https://onlinecourses.swayam2.ac.in/cec21_hs04/preview
Step 2: Later, sign in with a registered account on the Swayam portal.
Step 3: In the next step, candidates must join the course by tapping on the option “join”.
Step 4: The candidate will be forwarded to the page of the complete structure of the program.
Step 5: All further information and updates including announcements will be sent to the candidate’s registered mail.
The Syllabus
- Micro Economics
- A Partial Equilibrium Model
- Need of the study of economics or why study economics
- Scarcity and choice
- Scope and methods of economics
- Economic problems
- Question of what to produce
- Production possibilities curve
- Economic systems
- Consumption or Utility theories (Theories of consumer behavior)
- Indifference curve analysis
- Revealed preference theory
- Law of Demand schedule and demand curve
- Demand Forecasting
- Elasticity and its application
- Law of Supply schedule and curve
- Production theories- Linear programming
- Pricing And Pricing Techniques
- Markets and competition determinants of individual demand supply
- Pricing under competitive markets
- Consumers optimum choice
- Income and substitution effects
- Labour supply and savings decision
- Choice between leisure and consumption
- Behaviour of profit maximising firms
- The production process
- Short run costs and output decisions
- Costs and output in the long run
- Monopoly and anti-trust policy
- Government policies towards competition
- Perfect competition and imperfect completion
- Price discrimination
- Labour and land markets
- Basic concepts ; derived demand productivity of an output
- Marginal productivity of labour, marginal revenue product
- Demand of labour
- Input demand curves
- Shifts in input demand curves
- Competitive labour markets
- Labour markets
Evaluation process
The candidate enrolled in the Introductory Microeconomics program needs to complete the internal and external assessments as per the norms by UGC. The candidate's performance will be evaluated on the basis of the marks scored by the candidate in both internal and external assessments.
Instructors
Maharani's Arts College for Women, Mysore Frequently Asked Questions (FAQ's)
The main learning module of the program is the consumer and producer theory.
The candidates can register for the program by going on a page https://onlinecourses.swayam2.ac.in/cec21_hs04/preview, registering with their account, and joining in the end.
The medium of learning and instruction will be entirely in English medium.
The main focus of the syllabus will be on understanding consumer and producer behavior.
The course needs to be done within 16 weeks of total duration.
The evaluation will be done on the basis of performance in the internal and external assessment.
The further procedure is nothing much, candidates just need to obtain marks in examinations for passing the course.
The instructors of the program are Dr. Reshma Chengappa.
The candidates can put their queries directly in contact with their instructor.
The fee for the application process for this particular course is nil.
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