Microeconomics is important for all of us to understand the practical workings of the economy. From consumers to business firms and governments, the principles of microeconomics are utilized at every level. It gives insight on the conditions of economic welfare where you will understand a variety of key concepts such as consumer choice and behavior, goods and services, labor markets, and most importantly the standard of living and condition of welfare of those people and what factors determine that welfare. Learning microeconomics is a great way to gain an understanding of many factors that affect us in the real-world such as income inequality, product pricing, and much more. Ultimately, learning microeconomics is key in learning about the principles of economics- how economies function and why they are the way they are.

The module will provide students with an intermediate level understanding of how to plan the management of working capital requirements for an organisation to assist managers in efficient day-to-day functioning of an organization. With the introduction to various methods, tools and techniques of working capital management such as EOQ, Aging Schedule, ratios and others, students will acquire basic skills required in analysing and estimating working capital requirement for an organisation and will demonstrate ability to formulate appropriate working capital management policies to achieve corporate objectives. Lastly the module also provides students with knowledge about how to use software to effectively manage working capital issues and provide information for decision-making.