Business Economics (CB2) introduces the fundamental economic principles and their application in a business context. It covers the operation of single markets, market price and output determination, consumer budget allocation decisions and producer price and output decisions, and different types of market structures and their implications for social welfare in microeconomics. Candidates in macroeconomics will learn about the economic system’s operation, government macroeconomic objectives, unemployment, inflation, economic growth, international trade and financial systems, and financial crises.