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Subject details

On successful completion of this subject you will be able to:

  • CLO1: Examine basic economic problems facing society and apply theory to practical problems in a business context
  • CLO2: Analyse and evaluate economic issues within the frameworks of modern economic models and analytical techniques to explain and predict the outcomes of changes in a variety of economic variables;
  • CLO3: Analyse the interrelationships between economic variables and evaluate the major economic aggregates and how they are measured.
  • CLO4: Analyse and evaluate public policy to determine its economic and societal welfare consequences;
  • CLO5: Apply the appropriate economic tools to conduct a meaningful analysis of the economy in a professional ethical context.
    • Thinking Like an Economist
    • Market Supply and Demand
    • Market Failure
    • Production Costs and Perfect Competition
    • Monopoly and Imperfect Competition
    • Measuring the Macroeconomy
    • Aggregate Demand and Aggregate Supply
    • The Monetary System, Monetary and Fiscal Policy
    • International Trade and Capital Flows
  • Study resources

    • Instructional methods

      • Discussion forum/Discussion Board
      • Online assignment submission
      • Online Quizzes/Tests
    • Online materials

      • Printable format materials
      • Audio-Video streaming

In order to enrol in this subject, you must be accepted into one of the following degrees:

Core
  • RMI-PAC-MAS-2018
  • RMI-MFC-GCE-2018
  • RMI-MFC-MAS-2018
Elective
  • OUA-PSU-GCE-2018
  • UNE-PRO-GCE-2018

Special requirements

No special requirements

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.

  • Quizzes - Linked CLOs: 1, 2, 3, 4 (20%)
  • Invigilated Exam - Linked CLOs: 1, 2, 3, 4, 5 (50%)
  • Assignment - Linked CLOs: 1, 2, 3, 4, 5 (30%)

Textbook information is pending.

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