This subject aims to provide students with an introduction to economics as a foundation in business, focusing on micro and macroeconomics, but with an introduction to international economics. Business managers need to be aware of the economic environment in which they work, and the impact this environment has on their decision-making. Topics such as demand and supply, fiscal and monetary policy, and international trade will be some of the issues covered.
a) Employ microeconomic models to consider fundamental economic choices for households and firms
b) Use economic models, diagrams and tables to analyse economic situations
c) Examine how government policy influences microeconomic choices and macroeconomic outcomes
d) Analyse the economy as a whole using macroeconomic models
(G)* = Group Assessment