Business Economics

Duration 6 Months

Frequency Once a week

Certificate Statement of Result

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
To be confirmed	NA	7.00pm - 10.00pm (weekday) Once a week

Intake Info

Application Period

Course Duration

To be confirmed

7.00pm - 10.00pm

(weekday)

Once a week

Course Fees

Fees Type	Course Fees (w GST)
Singapore Citizens
Aged 40 and above (Individual or SME-sponsored)	S$111.71
Aged below 40	S$335.12
SME-sponsored aged below 40	S$126.32
Others & Repeat Students	S$1,117.08
Non-Singapore Citizens
Singapore Permanent Residents	S$344.09
SME-sponsored (Singapore Permanent Residents)	S$131.69
Others & Repeat Students	S$1,146.96

SkillsFuture Credit Approved. For more details, please click here.

With effect from 1 Jul 2020, the Workforce Training Scheme (WTS) will be replaced by the 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

tsa_acadcet@tp.edu.sg
67881212
Monday - Thursday: 8:30am - 6:00pm
Friday: 8:30am - 5:30pm

Closed during lunchtime, 12:00pm - 1:00pm
and on weekends and public holidays.
https://www.tp.edu.sg/tsa
Temasek SkillsFuture Academy (TSA)
Temasek Polytechnic
East Wing, Block 1A, Level 3, Unit 4
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 course with low enrolment.

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