Explore how the economy is structured, how it operates and what problems it can cause for businesses.Forecast economic events drawing on data and trends. Unpack business cycle theory. Utilise analytical techniques to address economic variables.
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Economic Analysis for Business will help you understand the structure of the economy, how an economy operates, why economic problems occur and the reasons why policy makers make the decisions they do. This subject will explore and examine economic concepts and their application in “real world” situations.
This subject will help you to develop the analytical techniques necessary to examine the economic environment in which you live and in which the businesses you are associated with must operate. It will enable you to make sense of the often confusing array of economic data and events and to place those into a logical and consistent framework. You will make your own judgements about the likely consequences of various economic events, including the likely policy response of decision makers.