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Basis of Education Competence Standards Structure of Studies Development of Expertise Methods and implementation Course Table

LI21SP Bachelor Degree Programme in International Business

Course Description

Code4 LIP2200
NameEconomics
Credits5 cr
Credits in Foreign Language5 cr
ObjectivesThe student understands the economic rationale of business and becomes familiar with the essential economic tools for economic analysis. The student understands the economic backgrounds of markets' interaction, and the economic logic of output and price. Further, the student is familiar with major macroeconomic variables and understands the role of macroeconomic policies to stabilise these variables.
ContentEconomic problem, demand and supply, cost structure and supply decision, market structures, macroeconomic variables (inflation, unemployment, interest rate, GDP, economic cycles), macroeconomic policies (fiscal and monetary), macroeconomic analysis (AD/AS).
RequirementsAssignment, final examination.
Grading Scale0 - 5
Course materialHubbard, R. and O'Brien, A. Economics. 3rd ed. or newer. Pearson.
Parkin, M. Economics: Global edition. 10th ed. or newer. Prentice Hall. (Selected chapters)
Prerequisites
Other considerations
ContactHannoura Abdelazim

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