B.Sc.in Management and Information Technology (Interim)

BACHELOR OF SCIENCE IN MANAGEMENT AND INFORMATION TECHNOLOGY

IMMG 11023

Economics for Managers

Status : Core Pre-requisite : G.C.E. (A/L) Co-requisite : None

 

On completion of this course, the student should be able to:

  • Describe microeconomic problems such as why markets allocate resources where they are most wanted
  • Illustrate how; prices and wages rise and fall, consumers allocate their budgets, and firms arrive at production decisions
  • Explain the macroeconomic issues that are given priority by modern governments.

 Introduction to economics. Demand and supply. Elasticity. Utility theory; production, cost and revenue. Introduction to the market structures. Introduction to macroeconomics.
 Lectures, in-class discussions, real world case studies and self study.
 End-of-course exam, in-class assignments, mini projects and quizzes.

  1. Paul A. Samuelson and William D Nordhaus, “Economics”, 18th Edition, 2007, McGraw-Hill.
  2. John Sloman, “Economics”, 6th Edition, 2006, Prentice Hall.

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