Business-Administration - Course - Principles of Economics

This course will provide an overview of how fundamental economic theory can be applied to decision making within the firm and also provides insights about the economic situation and its evaluation at a macro level. On completion of the course, the students will be able to recognize the economic concepts and principles and apply demand forecasting techniques and production and cost concepts. Also, the students will be able to identify pricing under different market structures, and evaluate the macro-economic components for effective managerial decision making.