ECO 1113 Fundamentals of Economics (2-0-3)

This course introduces the core principles of economics and their application to business decisions. Students examine key concepts such as scarcity, resource allocation, demand, supply, cost, production, profit, and market structures. The course also covers economic performance, money, fiscal and monetary policy, and the basics of international trade. By the end, students will be able to recognize and apply essential economic ideas in business and real-world contexts.

ECO 3123 Advanced Economics for Business (2-2-3)

This course explores advanced microeconomic and macroeconomic concepts relevant to modern economic policy and business decision‑making. Students examine strategic firm behaviour, market failures, and the role of government intervention in regulating markets. The course also analyses macroeconomic models, monetary and fiscal policy, global trade, and exchange rate systems. Emphasis is placed on applying economic models and analytical tools to interpret economic conditions and support real‑world policy and business decisions.

Prerequisites: ECO 1113