BUSINESS ECONOMICS

Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to;

CO21 Explore the role of Business economics in business decisions and interpret the role of Micro and Macro Economics in decision-making. Students will analyze the law of demand and supply and develop an understanding of various types of elasticity of demand and supply

CO22 Examine the utility approach. Students will evaluate the concept of the indifference curve and budget line for making consumer choices in different situations

CO23  Evaluate the concept of production and cost analysis in different time periods and also examine the practical approach of cost analysis through various practical problems

CO24  Analyse the different market conditions taking the time element into consideration. Also able to interpret the market situation with real-world business trends.

CO25 Analyse different factors of production and its pricing policy. Students can also examine the modern approaches to factor pricing.

Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation.   Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

Observation, Presentation, Report writing