Module 3: Economic Principles and Applications

Introduction: Module 3 provides a comprehensive overview of economic principles and their applications in finance. It covers fundamental microeconomic concepts, such as supply and demand, market structures, and elasticity, which influence pricing and revenue. Additionally, the module introduces macroeconomic fundamentals including key economic indicators like GDP, inflation, and unemployment. Students will explore how fiscal and monetary policies impact the economy and learn to analyze economic cycles and trends.

Learning Outcomes:

1. Understand Microeconomic Principles: Analyze the effects of supply and demand, market structures, and elasticity on pricing and market behavior.
2. Interpret Macroeconomic Indicators: Evaluate key economic indicators and understand their impact on the economy and financial markets.
3. Apply Economic Policies: Assess the influence of fiscal and monetary policies on economic conditions and financial decision-making.