BUS 601P - Economic Analysis for Business

Taught in Prague only. This course examines the application of economic analysis to business decision-making. The course integrates the elements of macroeconomics and economic policies, applied microeconomics and international economics. Particular emphasis is placed on the role and importance of business conditions in business decisions, the theory of demand, the determination of price through the interaction of supply and demand, market structure and price determination, analysis of costs and supply, and pricing in factors in production. (Offered every year.) 4 credits