This course undertakes an examination of Business economics  or simply managerial economics and business forecasting, the main objectives are:

1. Understand the relative importance of Business economics and Business forecasting;

2. Know how the application of the principles of Business economics and Business forecasting can aid in the achievement of business objectives in the decision-making process;

3.  Understand the modern Business economics and Business  forecasting rules and optimization techniques;

4. Be equipped with tools necessary in the analysis of consumer behaviors, as well as in forecasting product demand;

5.  Be equipped with the tools for analyzing production and costs;

6. Be equipped with different techniques of demand forecasting 


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This course undertakes an examination of Business economics and Forecasting or simply managerial economics, the main objectives are:

1.      Understand the relative importance of Business economics and Forecasting;

2.      Know how the application of the principles of Business economics can aid in the achievement of business objectives in the decision-making process;

3.      Understand the modern Business economics rules and optimization techniques;

4.      Be equipped with tools necessary in the analysis of consumer behaviors, as well as in forecasting product demand;

5.      Be equipped with the tools for analyzing production and costs;

6.      Understand and be able to apply latest pricing strategies


A financial system is a set of institutions, such as banks, insurance companies, and stock exchanges, that permit the exchange of funds. Financial systems exist on firm, regional, and global levels. Borrowers, lenders, and investors exchange current funds to finance projects, either for consumption or productive investments, and to pursue a return on their financial assets. The financial system also includes sets of rules and practices that borrowers and lenders use to decide which projects get financed, who finances projects, and terms of financial deals.