2.1 Principles of Business Economics
This section provides an introduction to the principles of business economics, including the concepts of supply and demand, market equilibrium, and elasticity. Students will learn how these principles apply to real-world business scenarios.
2.2 The Role of Government in the Economy
In this chapter, students will explore the role of government in the economy, including the different types of government intervention and their effects on businesses and consumers.
2.3 Opportunity Cost
This section covers the concept of opportunity cost, including how it relates to decision-making in business. Students will learn how to calculate opportunity cost and how it affects business strategy.
2.4 Microeconomics vs
This chapter provides an overview of microeconomics and macroeconomics, including the differences between the two and how they apply to business. Students will learn about the various economic indicators and how they affect business decisions.
2.5 Market Structures
This section covers the different types of market structures, including perfect competition, monopolistic competition, oligopoly, and monopoly. Students will learn about the characteristics of each structure and how they affect business strategy.
2.6 International Trade
In this chapter, students will explore the basics of international trade, including the benefits and drawbacks of trade, the different types of trade barriers, and the role of international organizations in regulating trade.