Business Economics (Micro)

About

This course explores the changing mechanisms of a market economy based on resources allocation and income distribution.You will focus on issues of business organization, supply and demand analysis, cost behaviors and production, and challenges faced by businesses under different market conditions.

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Course leader

Prof. Pradeep Kumar Prof. Lura Rexhepi University of applied Sciences in Nysa - Poland

Target group

BA/MA international students

Course aim

- Fundamentals of the concepts of cost, nature of
production and their relationship to business operations.

- Allocation of resources and its implications.

- Economic issues in micro-economic nature.

- Application of marginal analysis to firms under different
market conditions.

- Integration of concept of profit, pricing and decision making
mechanisms.

- Pragmatic approach and socio-cultural aspects under
various market structures.

Fee info