The Business Economics course provides a broad introduction to economics, covering basic demand, supply, and price determination; consumer demand, the nature of costs and supply; market structure; international markets and income distribution. The course also explores business behaviour and decision-making under various market conditions: pure competition, monopoly, oligopoly, and monopolistic competition.
This course provides a practical background for students in order that they may be able to properly interpret reading material on Economics and apply the principles and theories to specific business situations. Learning objectives for each lesson are accomplished through a combination of theory and conceptual application within exercises.
Students are given ample opportunity to practice, apply, and develop their economics-related knowledge and skill through review questions and practical exercises. Multimedia content is incorporated in this course to introduce, discuss, and enhance the learning experience.