Fundamentals of Business Economics

Description

Students will learn the following 1-Nature of business economics a. Applied economics b. Economic Theory c. Normative theory vs. positive theory 2 -Scope of business economics 3 -Different contexts of business economics 4- Macroeconomic and Institutional Context of Business 5- Microeconomic and Organizational Context of Business 6- Informational Context of Business 7- Financial Context of Business 8- Business economics as a bridge between economic theory and decision-making process. a. Solving decision problems in business b. Basic limited resources, capital, land, labor and management. c. Rational methodology and appropriate tools. 9- Demand Analysis and Forecasting 10- Cost and production Analysis. 11- Pricing Decisions, policies and practices. 12- Profit Management. 13 -Capital Management. 14- Business economics as a link between the firm and society 15 Economic welfare goals and social obligations

Program

Digital and Sustainable Business Economics

Objectives

• The course aims to focus on providing students with an understanding of the areas of economic activity relevant to an organizations decisions and, within this context, the numerical techniques to support such decisions.