StudySection gives you an opportunity to judge your ability to understand microeconomics issues by launching a Free Online Certification Exam (Foundation). This Certification Exam is suitable for beginners who have a basic understanding of microeconomics. This certification exam aims to understand how individuals and corporations behave and make decisions based on restricted resources.
Microeconomics is a branch of social science that deals with how individuals and businesses manage resources in times of scarcity while considering product consumption and production. It encompasses two processes: first, it is to scale the manufacturing process to determine the demand for a product, and second, it is to determine the selling price of an item. Microeconomics is a bottom-up strategy to assist investors in making investment decisions based on supply and demand.
This certification exam consists of several multiple-choice questions based on the fundamentals of this program. Some questions may have more than one correct option, and you must select all the correct options in order to make your answer right. After you have successfully passed this online Certification Exam (Foundation), you will become eligible to get an e-Certificate and a certification badge that can be used to enhance your career profile and social media profiles too.
Topics to be covered in the Introductory Microeconomics Free Online Certification Exam are the following:
- Basic of Micro Economics
- Supply and demand
- The Scope of Microeconomic Theory
- Production Possibility Frontier
- Positive Versus Normative Analysis
- Opportunity Cost
- Basic Assumptions about Market Participants
- Principles of Microeconomics
- The Nature and Role of Theory
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