BME 1502 Economics for Managers

This course deals with economic principles that govern the individual segments of the country as well as the aggregate components of the economy. Topics covered throughout this course are aimed at providing the students with an understanding of the structure and function of an economic system at the aggregate level and examine how individuals and firms make decisions by weighing up costs and benefits, and how these decisions lead to market and social outcomes. Furthermore, the knowledge gained through this subject will enable students to have a better understanding of the fundamentals of micro and macro theory and concepts in analyzing real world economic issues.

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