Skills Covered: Microeconomics Principles, Economist Way of Thinking, Competitive Markets, Social Microeconomics, Economic Methodologies, Supply and Demand Theory, Cost Benefit Analysis, Cost Calculation, Profit Maximisation, Price Discrimination, Game Theory, Adverse Selection Problems, Moral Hazard Problem, Costly to Fake Principle
ABOUT THIS PROFESSIONAL CERTIFICATION
This is an introductory program in Microeconomics that provides a learning experience equipping students with the ability to think like an economist. It focuses on how decision-making units within the economy (e.g. consumers, firms, government departments) make choices and how choices can be made in a way that makes best possible use of limited available resources. Since life is in large part about making choices, this program will help you to understand why the world is the way it is, and how to make use of limited available resources.
The three courses within the program are based on a post-graduate introductory microeconomics course taught on campus at The University of Queensland. The Professional Certificate program will set you on the path to thinking critically about all areas of life where choices are made.
This course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about human and economic behaviour and what influences it. A focus is placed on core economic principles that are immediately applicable rather than formal mathematical theorizing.
WHAT YOU WILL LEARN
- Be able to describe microeconomic principles and concepts
- Have an appreciation for how micro economic data can be used
- Apply appropriate economic theory related to real-life contexts
- Critically investigate proposed outcomes using economic theory
- Ability to interpret and translate economic analysis findings using plain, non-technical language.
- Understanding microeconomics is relevant for a large range of industries and occupations as multidisciplinary roles become more common.
- Careers focused on economics include analysts, advisors, and economists in the public and private sectors, especially those in business, finance, international development, health, marketing, journalism, management and research.
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