Economics for Business Academic Essay

  1. Describe and evaluate basic principles and concepts of economic theory as outlined in academic literature and their practical application to the business environment
  2. Analyse decision making processes and solve business problems relating to costs, output, prices and profit
  3. Analyse competition, business behaviour and the effects of changes in market conditions on industries and firms
  4. Demonstrate an understanding of markets and their limitations in allocating resources
  5. Demonstrate an understanding of the main mechanisms by which governments manage and/or intervene in the macro economy and how these impact on business

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