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: Explore the business cycle implications and determine the interaction of demand and supply in the marketplace
  • CLO3: Evaluate the role of the entrepreneur in a market economy and review investor decisions in financial markets
  • CLO4: Analyse the interrelationships between economic variables and evaluate the major economic aggregates and how they are measured
  • CLO5: Apply the appropriate economic tools to conduct a meaningful analysis of the economy in a professional ethical context.
  • Topics

    • Economic Definitions
    • The Economics of the Free Market
    • Value Added and the Role of Government
    • Factors of Production, Finance and the Entrepreneur
    • Supply and Demand
    • Marginal Analysis
    • Measuring the Economy
    • History of Economics and the Keynesian Revolution
    • Modern Macroeconomic Analysis
    • The Theory of the Business Cycle
    • Money, Credit and Inflation
  • Study resources

    • Instructional Methods

      • Disscusion forum/Discussion Board
      • Online assignment submission
      • Online Quizzes/Tests
    • Online Materials

      • Printable format materials
      • Audio-Video streaming

No eligibility requirements

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.

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

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a subject.

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