EXMBM514-24C (HAM)
Economics and the Global Context
What this paper is about
This paper provides an introduction to the tools used to analyse and understand the economic environment in which individuals and businesses operate, and the role of government in shaping that environment. It will provide an introduction to the key characteristics of different types of economic environments from both a business and a policy perspective, the ways in which markets can be analysed, and an introduction to macroeconomic issues that are helpful for business decision-making.
How this paper will be taught
This is a FLEXI paper that will have learning available both face-to-face (on campus) and online, thereby offering flexibility in terms of where and how students learn.
Students should confirm the timing and location of face-to-face and live (synchronous) sessions in Moodle.
What you will study
Topic
Introduction to economics
Demand, supply, and government policies
Elasticity and its applications
Consumers, producers, and the efficiency of markets
Externalities
Economics of decision-making: An introduction to game theory
International trade
Measuring a nation’s income, production, and growth
Measuring the cost of living
Saving, investment, and the financial system
Unemployment
Open-economy macroeconomics