Economics·Course
Business Economics
Comprehensive micro and macroeconomics course for business students
7
Modules
20
Articles
~2 h
Reading
IV
CLOs
§ 01 — Curriculum
7 modules.
Each module is a small unit. Most read in sequence — but a determined reader can begin anywhere.
- M IWhat Economics StudiesCore economic concepts: scarcity, opportunity cost, rational decision-making, types of economic systems3 articles
18 minBegin → - M IIBusiness in a Competitive EnvironmentDemand, supply, market equilibrium, price mechanism, price elasticity of demand3 articles
18 minBegin → - M IIICosts, Production, and Profit MaximizationShort-run and long-run costs, production function, revenue, profit maximization condition MR=MC, shutdown decision3 articles
18 minBegin → - M IVMarket StructuresPerfect competition, monopoly, monopolistic competition, oligopoly — characteristics, equilibrium, efficiency3 articles
18 minBegin → - M VMarket Failures and Government InterventionSocial efficiency, market power, consumption and production externalities, instruments of government intervention2 articles
12 minBegin → - M VIThe Macroeconomic EnvironmentGDP, business cycle, aggregate demand and supply, circular flow of income, unemployment, inflation4 articles
24 minBegin → - M VIIMacroeconomic Policy and International TradeGoals of macroeconomic policy, international trade, balance of payments, financial system, money2 articles
12 minBegin →
§ 02 — Learning outcomes
4 outcomes.
CLO I
Models and Theories
Evaluate models and theories applicable to multinational enterprises.
CLO II
Information Analysis
Analyze information to make well-founded business decisions.
CLO III
Economic Theories
Evaluate economic theories for the development of policy recommendations.
CLO IV
Professional Values
Apply professional values in both independent and team-based work.
§ 03 — Practices