Microcredential Learning of Economics - The Theory of Demand and Supply

Hafisah Yaakob, Faridah Pardi, Jamilah Mohd Mahyideen, Nooraza Tukiran and Nurhanani Aflizan Mohd Rusli
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Hafisah Yaakob: Faculty of Business and Management, Universiti Teknologi MARA Cawangan Negeri Sembilan Kampus Seremban, Negeri Sembilan
Faridah Pardi: Faculty of Business and Management, Universiti Teknologi MARA Cawangan Negeri Sembilan Kampus Seremban, Negeri Sembilan
Jamilah Mohd Mahyideen: Faculty of Business and Management, Universiti Teknologi MARA Cawangan Negeri Sembilan Kampus Seremban, Negeri SembilanFaculty of Business and Management, Universiti Teknologi MARA Cawangan Negeri Sembilan Kampus Seremban, Negeri Sembilan
Nooraza Tukiran: Faculty of Business and Management, Universiti Teknologi MARA Cawangan Negeri Sembilan Kampus Seremban, Negeri Sembilan
Nurhanani Aflizan Mohd Rusli: Faculty of Business and Management, Universiti Teknologi MARA Cawangan Negeri Sembilan Kampus Seremban, Negeri Sembilan

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 22, 404-410

Abstract: This paper addresses a critical and widespread skill gap: the lack of foundational economic literacy, particularly concerning the principles of demand and supply. In response to the rapid pace of technological and market change, we propose and report on the initial pilot implementation of a self-paced, online microcredential course titled "Microcredential Learning of Economics - The Theory of Demand and Supply". The program is structured into four learning activities that progressively build from foundational concepts to complex analytical thinking. A mini pilot study with 20 participants, consisting of diploma students from various fields of study, yielded strong empirical results, including a high completion rate (90%) and an average quiz score of 83.5%, validating the module's effectiveness in achieving core conceptual and analytical learning outcomes. Upon successful completion (achieving 80% or higher on the cumulative quiz score), learners earn a verifiable digital certificate. This initiative serves as a strategic, certified investment in human capital, fostering a more economically literate and adaptable professional community.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:9:y:2025:i:22:p:404-410

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