Microcredential Learning of Economics - The Theory of Demand and Supply

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.

Microcredential Learning, Economic Literacy, Demand and Supply, Foundational Economics, Online Learning

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