This course is compulsory for all students who are enrolling for Diploma Level. This course shows how
economics affects business on both short and long term basis. It also shows the supply and demand
theory for goods and services which is relevant to business because of an understanding of how supply
and demand interact and what their determinants are, this information can be used in pricing decision.
Elasticity of demand and supply further develops this. This will also focus on macroeconomics concepts
such as unemployment, inflation, economic growth and the money supply and how these concepts
affect business
- Teacher: Seini Kaunanga Moli