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ECO 222 Introduction To Business Economics

NCE2 levelSocial Sciences8 topics

ECO 222 covers 8 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. The nature and scope of business economics
  2. Objectives (traditional and modern) and functions of firms
  3. Forms of business organization - formation, financing, advantages and
  4. Sources of Finance and problems of business organizations in Nigeria
  5. The role of business organisations in economics development
  6. Functions of Management
  7. Profit - its concepts and measurement
  8. The development of business organizations in Nigeria since independence

A sample from this course

One topic, as StudyPath teaches it.

The nature and scope of business economics

The nature and scope of business economics focuses on what business economics is, the ideas it borrows from economic theory, and how it helps firms make practical decisions. For examination purposes, you must understand its meaning, objectives, relationship with microeconomics and macroeconomics, and the areas of business decision-making it covers.

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