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Business economy

Course Description: This course introduces microeconomic and macroeconomic concepts relevant to business decision-making. Students will explore fundamental concepts of demand, supply, market equilibrium, and elasticity, and their application to real-world business scenarios. The course also examines firm behavior through the analysis of production, cost analysis, and revenue maximization, and compares market structures including perfect competition and monopoly. Students will also analyze the broader macroeconomic environment by examining GDP, monetary systems, international trade, aggregate demand and supply, and fiscal policy, thereby developing their understanding of how economic forces shape business decisions.
Credit hours: 3
Objectives of the course :

Upon completion of this course, the student will be able to:
Explains basic economic concepts including demand, supply, market equilibrium, and elasticity, and their applications in business.
Analyzes firm behavior through production, cost analysis, and revenue optimization.
Applies market structure concepts including perfect competition and monopoly.
Analyzes macroeconomic indicators and policies including GDP, money and investment, international trade, aggregate demand and aggregate supply, and fiscal policy.

Course outputs :

Knowledge and understanding:
Distinguish between the fundamental principles of business economics related to demand, supply, market equilibrium, and elasticity, and their applications in the business field.
It discusses issues related to firm behavior, production functions, cost structures, and revenue analysis across different market structures.
Evaluates macroeconomic indicators and policies, including GDP, money and investment, international trade, aggregate demand and supply, and fiscal policy, in the context of business decisions.
2) Skills:
Applies problem-solving and critical thinking skills to solve complex and advanced problems in business economics.
It communicates advanced business economics information and results in writing.

Additional information:
  • Last updated: 2026-04-29

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