The module provides a general coverage of the main issues and debates in business economics and the macroeconomic environment.
This module will also have discussions around the UAE economy, specific reference to the debate around unified currency in the GCC region.
Part 1 focuses on the following topics.
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price theory
industrial organisation
economics of competition
competition policy,
regulation of natural monopolies
Learning Outcomes
By the end of the module students should be able to:
Demonstrate knowledge of economic analysis and policy issues in relation to the operation and strategic behaviour of firms in markets
Apply economic analysis to case studies of firms
Evaluate economic policy as it relates to the operation of markets
Demonstrate understanding how the economic environment impacts on the way in which businesses operate
Have an educated and critical opinion in debates such as the role of the state in the economy and the causes and consequences of banking and financial crises
apply economic analysis to understand and make predictions about the impact of economic variables on the macroeconomic environment of business
critically analyse the impacts of institutions on innovation and competitiveness