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TECO602 Economic Environment of Business

In the course, Economic Environment of Business, students will learn fundamental macroeconomic and microeconomic principles as well as analytical techniques for assessing the environment in which businesses operate. The course consists of three modules. The first module covers the fundamentals of microeconomics and shows how they can be applied to business decision-making. The second module introduces fundamental macroeconomic concepts and demonstrates how they can be applied to comprehend current national, regional, and international business trends as well as how these changes influence business decisions in the context of shifting demographic, social, and cultural contexts. The third module introduces an economic analysis of current business issues, such as the impact of foreign direct investment, the shifting nature of global trade and the financial system, the dynamics of the industries in which businesses operate, and the role of government in bringing about macroeconomic change.

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