Business Economics (BUSB 102)

Economics is not a collection of facts to be written down and memorized. Economics is a way of thinking about the world – and the world is always changing. Economists have developed a set of simple but widely applicable concepts and principles that are useful for understanding economic situations ranging from decisions that individuals make every day to decisions made by firms and governments in complex markets. The objective of this course is to help students learn and understand these concepts and principles and to apply them to a variety of economic situations

LEARNING OUTCOMES

At the end of the course the students will be able to:

This course is mean for understanding core matters of economics so that student shall be able to understand what is going on globally. This course, along with Entrepreneurship course, shall help students to establish their own business.

[TB 1] : John Sloman and Elizabeth Jones, Essentials Economics for Business, 5thEd., Pearson, 2017.

[RB 1]: Alan Griffiths and Stuart Wall, Economics for Business & Management: A Student Text, Prentice Hall, 2005.

[RB 2]: Dermot McAleese, Economics for Business: Competition, Macro-stability and Globalisation, 3rd Ed., Prentice Hall, 2009.

Description of the System of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks