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DETAILED COURSE CONTENT



Course Code :

DIPB 01024


Title :

Economics for Business


Type/Status :

Compulsory

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After studying this course unit students should be able to;
  • Explain the basic economic concepts, principles and terms that are important to a business.
  • Identify the nature and behavior of all individual decision making units and all individual markets.

Course Content : Introduction to Economics, Demand and Supply, Theory of

Consumer behavior, Theory of production and Cost, Markets and the price system, Macroeconomic issues and policies, Current economic issues in Sri Lanka.


Method of Teaching & Learning:

Lectures, Tutorial and Classroom discussions.

Scheme of Evaluation:

Assignments, Presentations, Midterm tests and Final examination. The weights given to each component of the evaluation method is announced at the commencement of the course unit.


Recommended Readings: Crystal K.A. and Lipsey R.G., (1997), Economics for Business Management, Oxford University Press.

Dwivedi D.N., (2006), Microeconomics theory and applications, Person Education.

Salvatore D., (2002), Microeconomics: Theory & Applications, 3rd ed., New York, McGraw Hill.

Salvatore D., (1994), Microeconomics, New York, Harper Collins.