BEO1105 - Economic Principles
|1.||Critically reflect on behaviour, choices and decision of consumers with reference to a broad range of concepts, theories and methods of modern economic analysis;|
|2.||Conceptualise how producers make business decisions based on cost and revenue;|
|3.||Explain how resources are allocated in a market economy under various markets structures;|
|4.||Critically evaluate how government policies affect consumers, producers and markets;|
|5.||Exercise critical thinking and judgement in identifying and solving economic problems with intellectual independence; and|
|6.||Research collaboratively and communicate economic knowledge in a clear and coherent manner in the form of a professional market/industry report.|
Students studying under the VU Block Model.
Microeconomics (9th ed.).
Pindyck, RS & Rubinfeld, DL (2017).
Boston, USA: Pearson.
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