PRINCIPLES OF BUSINESS ECONOMICS

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Instructor:
Course Code: 
ABM 1101
Course Credit Units: 
3
Semester: 
Semester 1
Year of Study: 
Year 1
Undergraduate or Graduate Level: 
Undergraduate Level
Course Discipline: 
Course Description & Objectives: 

Basic economic concepts; Price determination: demand and supply analysis; Elasticity; Levels of economic analysis: firms, market, national economy, international economy; Resource allocation in different economic systems; Types of business organizations; Business output, costs, revenue & profit; Market structure & conduct of business, small firms & multinationals; Pricing factors of production; Consumer behaviour; Utility maximization. 

Principles of Business Economics
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