Earners of this badge participated in the Employment Lab training session on how does the economy work as part of the DARE - Day One Alliance for Employability project. The aim of this training session was to understand definitions and processes in the economy.
This badge is the digitally verified micro-credential that you got to know the following:
- Understand what is meant by value creation.
- Know and be able to explain the difference between nominal and real magnitudes.
- Name the typical phases of the economic cycle and their characteristics.
- Explain the significance of investments and productivity increases for economic growth.
The project is funded by Iceland, Liechtenstein and Norway through the EEA and Norway Grants Fund for Youth Employment.