Economics

Module Description

Economics studies the production and consumption of goods, the transfer of money, and market interactions.

A solid understanding of economics equips managers with essential tools and skills to comprehend the market dynamics affecting their company. This knowledge enables managers to make informed decisions, guiding the company in the right direction.

By understanding economic principles, managers can better anticipate market trends, allocate resources efficiently, and devise strategies that enhance competitiveness and profitability.

Consequently, sound knowledge of economics is crucial for managers aiming to steer their companies toward success and sustainability in a complex and ever-changing market environment.

Entry Requirements

Candidates who apply for this course must possess: 

• a qualification at MQF Level 4 (one ‘A’ Level or equivalent in any subject)  

 AND 

• a pass in English* and Mathematics at MQF Level 3 (‘O’ Level or equivalent).   

Preference is given to applicants having a year of work experience related to the field of study. 

*Students whose first language is not English will be required to demonstrate evidence of an adequate level of English proficiency.  

Target Audience

This course is targeted at people who wish to have a thorough background in management in order to progress further in their careers, such as: 

• Supervisors 
• Coordinators  
• Assistant Managers  
• Junior Managers 
• Middle Managers  
• Project Coordinators/ Project Managers  

The target group can also be extended to groups that have significant management experience but lack a formal qualification, such as managing directors and officers.

Module / Unit Instructions

The proposed structure comprises a blended approach promoting the building of a community of practice via peer-to-peer learning. The structure uses primarily two dimensions of teaching-learning modes:

• Face to Face sessions

Face-to-face sessions include lectures, tutorials, discussions, presentations and workshop activities promoting peer-to-peer learning.

• Online Learning Activities

Online learning activities incorporate tutorials and asynchronous discussions. These may consist of active interaction, participation and contributions in fora discussions, sharing resources and self-reflection exercises. Learners also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.

How you’ll be assessed

The course comprises:

• Evening classes for part-time courses.
• Classes held throughout the day for full-time courses.
• Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
• Self-study hours comprising research, reading and assignment work.

Assessment

Assessment is carried out via two mandatory components:

• Modular Assessment
• Summative Assessment

The programme includes different forms of assessment which allow for and promote students’ critical engagement. The formative and summative assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.