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Economics for Business

Objectives:

*     understand how to apply micro-economic and macro-economic concepts in making business decisions

*     use micro-economic theories to explain market models and consumer behaviors

*     employ macro-economic theories to analyse business problems, and investment environment

*     react to changes in supply and demand forces, market structures, and interaction between public and

      private sectors

Main topics include:

*     Consumer behavior and supply & demand theory

*     Supplier behavior and supply & demand theory

*     Balance of supply and demand

*     Monopoly and oligopoly, Government intervention

*     IS-LM analysis

*     Influence of economic expectation in Macro-economic policy

*     Capital accumulation and technological advance during economic growth

*     Theory of international trade

*     Balance of payment

*     Foreign exchange

*     Monetary policy