This module covers the topics of supply and demand, the operation of markets, price setting (price and income elasticity and pricing decisions), revenues and the theory of the firm under different market structures and competitive assumptions. Macroeconomic and Microeconomic government policies / strategies are discussed thoroughly indicating their limitations and impact in an open economy. It explains the role of modern money (banking, finance, the financial system, globalisation of finance and financial institutions), refers to world trade and the global competitive environment, international trade theories and issues facing WTO.
