MICROECONOMICS OF COMPETITIVENESS (2 SCU)

Learning Outcomes :

Developed by Professor Michael Porter from Harvard Business School, this course addresses the subject of competitiveness and economic development from a bottom-up microeconomic perpective. Upon successful completion of this course, students are expected to: analyse the impact of micro and macroeconomic policies to business; evaluate the roles of government in serving the community; assess consumers’ and producers’ behaviors; create strategies to overcome resources deterioration; assess opportunities to create economic activities in order to be able to sustain in global competition.

Topics:

This course is designed to explore and discuss human behavior which then leads to resource allocation and product distribution in the community. The center of the discussion, however, will be on the decision-making process in economy that leads to social welfare in relation to sustainability. The two important foundations for discussion in this course are micro- and macro-economic theories. These two subjects discuss the behavior of humans, companies, markets, and governments.