Micro-Credential in Business Economics

Program Description

The course offered by Lincoln University College (LUC) is focused to have developed the self-reflective mindset, the analytic mindset, the collaborative mindset, the worldly mindset and the action mindset. The course is designed for working class adults whose careers and management responsibilities transcend a single functional specialty and require a broad array of specialized knowledge and skills on Business Economics. The emphasis of this applied program is on the significant Business Economics processes that take place in the context of large public or private organizations.

Learning Outcomes

On completion of the course participants should be able to:

  • Explain the fundamentals of micro and macroeconomic theory and practice from their perspectives.
  • Apply theories and concepts in the decision making process for selecting target market in global context as an assignment.
  • Analyze economic issues through case study, for managerial decision required for global context using valid resources and reputed journals.
  • Prepare a presentation on economic report in professional manner.

Transferable Skills

Transferable skills developed within this course include:

  • Critical thinking and problem solving skills
  • Information management and lifelong learning
  • Communication skills


This course will expose the students to the sensitive and intricate issues related to economics, to help them to conduct businesses in an efficient manner. This course also includes a broad number of connected fields which will play a major role in managing their organizations effectively.

Delivery Mode

Online/ Face to Face


  • Coursework 80%
  • Final Examination 20%

Course Progression

Credits from this Micro-Credential Programme are transferable to the following full academic programme:

  • Master of Business Administration (MBA)

Study Plan for Micro-Credential in Business Economics

# Please note that each study is divided into 2 (Four) sessions, details of which is given below:

Session 1 – 10am -11:00am

Coffee Break – 11:00am – 11:15am

Session 2 – 11:15am – 12:30pm

Lunch Break – 12:30pm – 1:30pm

Session 3 – 1:30pm – 2:45pm

Coffee Break – 2:45pm – 3pm

Session 4 – 3pm – 5pm

Week 1


  • Ten Principles of Economics
  • Thinking like an Economist

Supply and Demand I

How Markets Work

  • The market forces of Supply and Demand
  • Elasticity and Its Application
  • Supply, Demand and Government Policies

Management Seminar Session


Week 2

Supply and Demand II

Markets and Welfare

  • Consumers, Producers, and Efficiency of Markets
  • Application : The Costs of Taxation

Management Seminar Session

Case Studies

Week 3

Firm Behavior and The Organization of Industry

  • The costs of production
  • Firms in Competitive Markets
  • Monopoly
  • Oligopoly
  • Monopolistic Competition


The Economics of Labor Markets

  • The markets for the factors of Production
  • Earnings and Discrimination
  • Income Inequality and Poverty

Management Seminar Session

Group Discussions

Week 4

Advanced Topic

The Theory of Consumer Choice.

Introduction to Macroeconomics

  • Microeconomics and Macroeconomics : Distinction
  • Macroeconomics Objectives

Management Seminar Session

Group Discussions

Week 5

Measuring National Income

  • Concepts of Equilibrium and Disequilibrium
  • Consumption Theory : Islamic and Conventional
  • Investment Theory : Islamic and Conventional
  • Government Sector

Management Seminar Session



Week 6

Monetary Economics

  • Definition of Money : M1, M2 and M3
  • Consumer Price Index : Simple and Weighted Price Index
  • Motives of Holding Money
  • Islamic view Regarding Speculation
  • Monetary Policy


Public Finance

  • Types of Budget
  • Sources of Government Revenues
  • Government Expenditure
  • Public Finance in Islam

Management Seminar Session

Case Studies

Week 7

Inflation and Unemployment

  • Inflation
  • Unemployment

International Economics

  • International Trade
  • Balance of Payments


Submission of Assignments

Week 8

Final Examination

Conclusion Session

Awarding of Certificates

Presentation by VC or Representative of VC

Contact us

Wisma Lincoln, No. 12-18, Jalan SS 6/12, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

+1300 880 111 (Malaysia)
+603-7806 3478 (International)