Course Description
This course is an application of mainly microeconomic theory, quantitative tools and macroeconomic analysis to business decision making problems. The main focus of the course will be on demand and supply analysis, production, market structures and cost analysis under different economic conditions.
Course Objective
- Understand the business environment and the determinants of business performance
- Demonstrate an understanding of demand and supply dynamics.
- Forecasting demand and cost function of the business
- Describe the features of market structures.
- Apply quantitative methods in the analysis of real industrial problems.
- Apply economics methods to solve real business problems.
- Understand globalization and multinational business
- Undertake business strategy in making business decision
- Analyze the macroeconomic indicators of the business
Course ID: ECON 611
| Credit hours | Theory | Practical | Laboratory | Lecture | Studio | Contact hours | Pre-requisite | 3 | - | - |
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