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BUS1004 Economics for Management: - This study coursework has given an introduction to the scholars to the area of economics, within the aspect of the managerial environment. It provides both practical application and theoretical knowledge of contexts of both macroeconomics and microeconomics and their relevance to the modern 21st-century business operations. This academic course starts with a discussion of the theories of the demands and supply and the markets. It studies the microeconomic principles of production costs and processes, monopoly and competition as well as interactions among the business, market and government, and business strategy and organisation. It analyses the significant areas of economic behaviour (income distribution, inflation, resource allocation, unemployment, the balance of payments and economic growth) and the critical policy instruments (monetary and fiscal) for influencing this behaviour.
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