Business Economics - Basics - Learn the role of Economics in Business Decisions

Welcome to the coursework Business Economics - Fundamentals.

In this coursework, you will learn about Fundamentals of Business Economics which is the necessity of the hour, because of wide gap between Economic Theories and Practices.

Business Economics focuses on bridging the gap, because it deals with application of economic theory in Business practices. It is the study of Economic principles in general and the application of the same in arriving proper business practice.

In this coursework, you will understand

a) Application of Economic Theory to Business Practice - covering

i) Theory of Firm

ii) Cost Idea

iii) Profit Idea,

iv) Measurement of Economic Relationship

v) Predicting Economic Quantities

b) Decision Making in Business

c) Essential Ideas that helps decision making covering

i) Incremental Idea

ii) Time Point of view

iii) Discounting Principle

iv) Opportunity Cost

v) Equi-Marginal Principle.

This coursework is structured in self paced learning style.

Video lectures are used for presenting coursework content.

Students pursuing CA / CMA / CS / Bachelor of Commerce / BA (Economics) can take this coursework.

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