Description

Course Name: Certificate in Microeconomics

Global Occupational Skill Standard – GOSS ID: GOSS/BAF/CMP/V1

Eligibility: Graduation or Equivalent.

Duration: Three Months.

Objective: The Certificate in Microeconomics course is designed to provide an in-depth understanding of individual economic agents, market behavior, pricing mechanisms, and decision-making at the micro level. It aims to equip learners with analytical tools to understand consumer and producer choices, firm strategy, and resource allocation.

Certification: Within 5 days after Completion of Online Assessment.

Get ready to join the Journey to become a GSDCI Certified Professional  – International Certification and Assessment Body.

Steps to become a GSDCI Certified Professional:

Step 1: Select your certification you want to pursue.

Step 2: Click on get certified tab, new pop up window will open.

Step 3: Click on pay certification fee, you will be redirected to billing details page.

Step 4: Fill your details and click on pay certification fee, You will be redirected to payment gateway, pay fee by any available options like Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.

Step 5: You will get Login Credentials of Online E-Books and Online assessment link on your email id, within 48 hrs of payment.

Step 6: After completion of the online assessment, the soft copy of your certificate will be sent to your registered email ID within 5 days.

Assessment Modules:

Module 1: Introduction to Microeconomics: Definition and Scope of Microeconomics, Difference Between Micro and Macroeconomics, Basic Economic Problems and Solutions, Concepts of Scarcity and Opportunity Cost, Positive vs Normative Economics, Role of Microeconomics in Decision-Making.

Module 2: Demand, Supply and Market Equilibrium: Law of Demand and Determinants, Law of Supply and Determinants, Elasticity of Demand and Supply, Shifts vs Movements in Curves, Market Equilibrium and Price Determination, Impact of Government Intervention (Taxes, Price Controls).

Module 3: Consumer and Producer Behavior: Theory of Consumer Choice, Utility Analysis – Cardinal and Ordinal, Indifference Curve and Budget Line, Law of Diminishing Marginal Utility, Theory of Production – Short and Long Run, Law of Variable Proportions and Returns to Scale.

Module 4: Cost and Revenue Analysis: Types of Costs – Fixed, Variable, Total, Marginal, Average, Short-Run and Long-Run Cost Curves, Revenue Concepts – TR, AR, MR, Relationship Between Cost and Revenue, Profit Maximization, Break-even Analysis.

Module 5: Market Structures and Pricing: Perfect Competition – Features and Price Output Determination, Monopoly and Price Discrimination, Monopolistic Competition – Product Differentiation, Oligopoly – Kinked Demand Curve and Cartel Theory, Price and Output Determination under Each Market, Efficiency and Welfare Implications.

Module 6: Factor Pricing and Welfare Economics: Theories of Wages, Rent, Interest and Profit, Marginal Productivity Theory, Functional vs Personal Income Distribution, Market Failures and Externalities, Public Goods and Welfare Economics, Role of Government in Resource Allocation.

GSDCI Online Assessment Detail:

• Duration- 60 minutes.
• Number of Questions- 30.
• Number of Questions from each module: 5.
• Language: English.
• Exam Type: Multiple Choice Questions.
• Maximum Marks- 100, Passing Marks- 50%.
• There is no negative marking in any module.

Benefits of Certification:

1. Global Recognition & Credibility – Stand out worldwide with a certification that strengthens your professional profile across borders and demonstrates your skills to employers and institutions.

2. Quality Assurance through ISO Certification – Programs follow an ISO-certified quality management system to promote consistency, reliability, and a standardized learning experience.

3. Career Advancement & Employability – Enhance your résumé, demonstrate professional competence, and improve your prospects for career growth, promotions, or suitable job opportunities.

4. Non-Profit Trust Factor – Certification from a non-profit organization reflects a mission-driven approach focused on skill development, professional learning, and public benefit.

5. Access to Learning Resources – Gain access to useful learning resources such as e-books, mock tests, assessments, and online academic support.

6. Transparency & Online Verification – Each certification includes a unique enrolment or certificate ID, enabling convenient online verification by employers and other interested parties.

7. Lifetime or Long-Term Validity – Certifications may offer lifetime or extended validity, reducing the need for frequent renewal, subject to the applicable certification scheme.