Economic Thinking for Business

In this course students will learn the main differences between local businesses, exporters/importers and multinational firms. The course starts with an overview of important facts and issues, and of recent trends in local and international businesses. We will discuss some formal definitions of the salient concepts and various factors (incentives) that may lead some local businesses to expand across borders. Students will be able to practice being an economist by working on projects where they apply economic thinking and methods to problems facing local/international businesses and organisations. Each project involves research on a case in a small group, writing a consulting report and presenting the findings. ECON310 is a compulsory course for the Business Economics major although any student with the pre-requisites can enrol. This course requires active face-to-face participation and attendance in workshops is mandatory. Students who are not present in the first class without prior approval may not be able to complete the first project.