Course overview
The aim of this course is to introduce students to important economic concepts and tools that can help them understand how the market system operates and how business decisions are made within a competitive environment. Concepts and tools introduced in the course include determination of the market equilibrium, elasticity of demand, economic efficiency, the role of government, cost of production, and market structure. The course also covers macroeconomic issues including fiscal and monetary policies. The economic concepts and tools introduced in the course are applicable to the local, national, and global business environment.