This course aims to equip students with a necessary conceptual framework for understanding the economic forces at work in firms and markets. It will provide students economic models and tools for managerial decision making. Students will not only learn how supply and demand effect prices but also learn how game theory can be applied in decision-making processes at a strategical level.

Examination:

Students will be assessed via the examination their understanding of concepts and mastering in skills of modelling and problems solving learned in class, textbooks and reading materials and their ability to apply subject-related knowledge

For a student to pass the course, at least 30% of the maximum mark for the examination should be obtained.