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Academic Department

Economics
Course Name: Business Economics
Instructor: Cyrus, Tess Dr

By the end of the course, students will know how to use economic principles to analyze opportunities and constraints that arise in the world in which people live and work, to solve economic problems, and to make better business decisions. This course covers the essentials of both microeconomics and macroeconomics. The microeconomic topics explored include supply and demand analysis; profit maximization and efficiency; perfect and imperfect competition; game theory; and public policy toward externalities, natural monopolies, and public goods. The macroeconomic topics explored include the measurement of gross domestic product and inflation; the causes of long-run economic growth; the business cycle; the use of fiscal and monetary policy; saving, investment, and money; financial markets and international capital flows; and exchange rates