Students should be able to understand

• macro and microeconomics principles and draw and graph demand and supply curves to determine equilibrium price and quantity.

• government economic policies, e.g. price controls [price ceilings and floors], free trade vs. tariffs, private vs. public sector, etc.

B2.00000.71.270 - ABWL - General Business Management General Business Management

• What is Economics? (Chap 1 & 2)
• Supply and Demand (Chap 3)
• Price and Quantity Checks (Chap 4)
• Elasticity (Chap 5)
• The Producer (Supply) (Chap 8 & 9)
• The Consumer (Demand) (Chap 10 &11)
• Market Structure (Chap 14, 15, & 16)
• International Trade (Chap 17)
• Microeconomics (Chap 19, 20 & 21)
• Macroeconomics (Chap 23 & 24)
• Money & Banking (Chap 30)
• Monetary Policy (Chap 31)

P. Krugman, R. Wells and K. Graddy. Economics: European Edition (Spring 2007). Worth Publishers, New York, New York. 2008.

lecture (VO)

General examination