Course Outcome
- Business Economics as a concept and branch and allied factors
- Demonstrate a comprehensive understanding of economic principles applied in business contexts, including the role of the price mechanism and the measurement of economic activity .
- Apply the concepts of national income, money, and inflation to assess their impacts on business operations and macroeconomic stability.
- Analyse contemporary issues such as economic inequality, technological disruption, environmental sustainability, and demographic changes, discerning their effects on business operations and strategy formulation within a dynamic global context.
- Evaluate demand and production analysis, including consumer behaviour theories and production function analysis, to make informed decisions regarding pricing and production strategies.
