Macroeconomic Environment and Business (BL4)



15.ProfitMaximisation in Competitive Markets
The videos include knowledge on below areas,
● Competitive market structures
● Total costs (TC) and marginal costs (MC)
● Calculating the optimum output, price and profit

16.The Macroeconomic Environment
The videos include knowledge on below areas,
● The structure and objectives of the economy
● Factors which affect the economy
● National income
● The business cycle
● Inflation and its consequences
● Unemployment
● The objective of economic growth
● Government policies for managing the economy
● Fiscal policy
● Monetary policy
● The balance of payments
● The importance of exchange rates on business
● Money and financial markets


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