Business Economics

5 ECTs / Semester / English

Business economics explores the interactions of organizations and their environment, the allocation of resources, and the consequences of business decisions for individual organizations and the economy as a whole. The unit enables the development of an analytical approach to the issues and problems experienced by organizations, and it provides you with the tools and techniques you require to make informed contributions to debates and decision-making. Studying business economics provides the knowledge and skills to understand business behaviours and issues in the wider economy. Students therefore learn about the concepts and analytical skills required for understanding a broad range of themes in business and economics, including: The functioning of markets for products, services; Decision making within firms; Industry structures; International trade globalization; Macroeconomic policy.