Through the provision of this course, students are expected to do the business decision making process which based on an analysis of the industry and the overall condition of a country. Students equipped to have an understanding of the environment in which a business organization functions will help the students to take decisions milestone, so knowledge of the basic concepts of economics such as price theory, consumer behavior, theory of production and costs, market structure as well as national income, money, banking and monetary theory is very important. Course is to discuss the basic concepts in economics both microeconomics and macroeconomics nature.
After following this course, students can understand the definition and the basic concepts of microeconomics, particularly on price theory, the theory of consumer behavior, theory of production and production costs, market structure, factors of production and the free market system. Students are also able to understand the sense and the basic concepts of macroeconomics, in particular regarding the calculation of national income and economic activity, the balance of national income, the money banks and monetary theory, the balance of the IS-LM and AD-US foreign trade and balance of an open economy and growth economics.
