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PRINCIPLES OF ECONOMICS

PRINCIPLES OF ECONOMICS

KSh4000

This unit covers the competencies required to apply economics concepts to solve business problems.

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Has discount
Expiry period Lifetime
Made in English
Last updated at Wed May 2026
Level
Beginner
Total lectures 1
Total quizzes 0
Total duration Hours
Total enrolment 0
Number of reviews 0
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Short description This unit covers the competencies required to apply economics concepts to solve business problems.
Outcomes
  • • Apply foundational economic concepts to manage limited resources
  • • Use mathematical approach to determine profit maximisation in various market structures
  • • Determine the pricing of commodities using the forces of demand and supply
  • • Apply the theory of consumer behaviour in determining consumer satisfaction
  • • Apply the theory of production to determine appropriate mix of factors of production
  • • Apply the theory of costs to determine the cost of production
  • • Evaluate the impact of macro-economic factors on an organisation
Requirements
  • Kenya Certificate of Secondary Education (KCSE) mean grade C- (C minus).