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Course Overview

The subject covers the fundamental principles of economics for understanding the business environment. It will focus on the various aspects of the product market: demand and supply, consumer theory, production and cost, market competition, market power, product differentiation, firms’ strategic behaviour and the macroeconomic environment.

 

 

Objectives

 

The subject aims to equip students with knowledge and skills to:

  • Use the concepts of demand and supply to explain and analyse observed changes in product markets.
  • Examine how the characteristics of different product markets affect firms’ pricing and profitability.
  • Examine how the Gross Domestic Product (GDP) of a country changes over time.
  • Discuss the various macroeconomic issues faced by countries and the policy tools governments can use to achieve their objectives.

Entry Requirements

Applicants applying for modular units which are drawn from existing full diploma or post-diploma programmes will have the same minimum entry requirements as the full qualifications.

 

To find out the minimum entry requirements specific to this modular course, please click here.

What You'll Learn

  • Basic economic problem of scarcity, choice and opportunity cost
  • Demand and supply analysis 
  • Applications of demand and supply analysis 
  • Elasticity of Demand
  • Output and Cost
  • Perfect Competition and Monopoly
  • Monopolistic Competition and Oligopoly
  • The Macroeconomic Environment
  • The Macroeconomic Problems of Unemployment and Inflation
  • Macroeconomic Policies

 

 

Modes of Assessment

 

  • Continual Assessment 100%

 

 

Certification

 

Upon successful completion of the modular unit, students will be awarded a Statement of Result which can count towards the attainment of:
Diploma in Business Practice (Business Administration).

Course Schedule / Apply

Intake Info Application Period Course Duration

18 April 2022

To be advised

7pm to 10pm
(weekday)
Once a week

APPLY

Steps to follow in your application:
 

Step 1 - Enter NRIC/ Passport No.

Step 2 - Select UBO - Modular - Diploma in Business Practice (Business Administration) and course commencement date.

Step 3 - Enter personal, qualification, employment and sponsoring details (if applicable).

Step 4 - Select, rank your preference for the selected subject(s) and indicate the number of subject(s) you wish to take. Please note that the subject start date(s) denotes the semester start date.

Step 5 - Make declaration and submit online application.

Course Fees

Fee Type Total Fees (w GST)
SME-employed Singapore Citizens & Permanent Residents S$112.92
Singapore Citizens aged 40 & above
S$109.14
Singapore Citizens aged below 40 S$166.92
Singapore Permanent Residents  S$1,097.82
Others & Repeat Students S$1,097.82

SkillsFuture Credit Approved. For more details, please click here


With effect from 1 Jul 2020, the Workforce Training Scheme (WTS) will be replaced by Work Support Scheme (WSS), for more information, please visit:
https://www.wsg.gov.sg/programmes-and-initiatives/workfare-skills-support-scheme-individuals.html

Course Contact

  • 67881212
  • 8.30am – 6.00pm (Mon – Thu)

    8.30am – 5.30pm (Fri)

    Closed on Sat, Sun & Public Holidays

    Due to Safe Management Measures, our office is currently closed.

    Please call or email us your enquiry.

    Thank you for your patience and understanding.

  • Website: https://www.tp.edu.sg/tsa
  • Temasek SkillsFuture Academy
    Temasek Polytechnic
    East Wing Block 1A,
    Level 3, Unit 81
    21 Tampines Ave 1
    Singapore 529757

     

  • Temasek Polytechnic reserves the right to alter the course, modify the scale of fee, amend any other information or cancel a course with low enrolment.

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