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CLO4: Analyze and apply various perspectives in using economic models for decision-making. Resolve financial problems in real-life situations through the use of appropriate case studies
CLO4: Analyze and apply various perspectives in using economic models for decision-making. Resolve financial problems in real-life situations through the use of appropriate case studies
- Elasticity and types
- Changes in total revenue analysis based on elasticity types
- Determinants of elasticity
CLO5: Evaluate and explain trade practices in the global economy Support arguments by referencing trade agreements, trade barriers, and other related matters
- Free trade
- Typesof trade barriers
- Tariff versus Quota
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