About
The Foundation Certificate in Economics provides participants with a structured introduction to the core principles of microeconomics and macroeconomics, focusing on how individuals, firms, and governments make decisions in conditions of resource scarcity. The program begins by exploring fundamental concepts such as the economic problem, opportunity cost, and the role of markets in determining what, how, and for whom goods and services are produced. Participants develop an understanding of demand and supply analysis, market equilibrium, elasticity, and the factors influencing consumer and producer behaviour. The course also examines business decision-making, including costs, revenues, profit maximisation, and different market structures such as perfect competition, monopoly, and oligopoly. In addition, the program introduces key macroeconomic concepts, including national income measurement, economic growth, inflation, unemployment, fiscal policy, and the role of money and banking systems. Participants also explore aggregate demand, government intervention, and international trade dynamics. Overall, the certificate equips learners with essential analytical tools to understand economic behaviour, market systems, and policy decisions in both national and global contexts. Duration: 12 hours Maximum Completion Time: 7 days Delivery Mode: Online self-study Program Offered By: Member institutions of the VBNN Smart Education Group Certificate Title: Foundation Training Certificate in Economics Certificate Type: Certificate of Completion