Business Plus
Course
In
Price on request
Description
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Type
Course
Facilities
Location
Start date
Second Main Road, (Behind M.S Swaminathan Research Foundation) Taramani,, 600113
Start date
On request
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Course programme
To become a good business journalist, it is essential to have a good
grounding in basic economic theories. This course is designed to
familiarize. students with the essentials of economic theory in
microeconomics and macroeconomics. It will rely mainly on the globally
used textbook by Paul Samuelson. To some extent the textbook by Richard
Lipsey will also be used. The areas covered in microeconomics will be
demand theory, supply theory, the concept of elasticity, utility,
marginal analysis, market structures, and very rudimentary aspects of
probability theory and game theory. The objective is to demonstrate to
the students how, while analyzing economic and business phenomena, these
concepts can be used to achieve a better understanding of individual,
firm and industry level behaviour. In macroeconomics, the students will
be exposed to the theories of John Maynard Keynes with a view to
explaining how the State plays a crucial role in the economy. Fiscal
policy, monetary policy, and international economics will be explained
in their theoretical as well as practical aspects. Once again the
objective is to equip students with the intellectual wherewithal so that
they can report on complex economic phenomena in a simple and
comprehensible manner.
Business Plus
Price on request