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Course Code: ECS110

This course is designed to introduce participants to the important role which economic activity, laws and principles play in guiding business activity. It explores the area of “Micro-economics” which deals with the activity of consumers and producers interacting in the market for particular goods and services. 

The course also provides participants with the skills for using economic principles to help make business decisions. The economy of Barbados is examined in the “Macro-Economics” section.

Topics covered include:

  • Supply and Demand
  • Pricing under Varying Market Conditions
  • Profit as a Business Objective
  • The Role of Government in the Market Economy
  • Factor Pricing
  • Income Distribution. 

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