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Economic principles

Unit 1: IntroductionTopic 4 of 4
Browse the Microeconomics for Business syllabus

Microeconomics for Business

8 units
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What the syllabus expects

  • Ten principles of economics

Economic principles

Bachelor of Business Studies (BBS) — First Year

Subject: Microeconomics for Business (MGT 207)

Unit 1: Introduction

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of economic principles.
  • Explain the economic reasoning and use appropriate diagrams or relationships in business analysis.

Curriculum Scope

  • Ten principles of economics

Detailed Microsyllabus

  1. Individual decision principles

    1. Trade-offs and opportunity cost.
    2. Marginal thinking and responses to incentives.
    3. Relate each principle to a consumer or business choice.

  2. Interaction and economy-wide principles

    1. Gains from trade and the coordinating role of markets.
    2. Potential government roles and market limitations.
    3. Study productivity, money, prices and short-run aggregate trade-offs within the source's ten-principle framework.

Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 17-19.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here. The programme subject list identifies this course as MGT 207; the detailed subject heading in the source prints MGT 203.