300458 (v.3) Commercial Studies 013

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Area:	Centre for Regional Education
Credits:	25.0
Contact Hours:	6.0
Lecture:	2 x 3 Hours Weekly
Syllabus:	Development of a conceptual understanding and foundation of the theory and practice of economics and law. Economics - opportunity cost, production possibility trade-off, economics systems and the government's role, markets in action, price determination,the circular flow of goods and money, demand and supply, money and banking. Law - concepts and sources of laws, role of parliament, the legislative process, contracts, torts of negligence, property law, minor and family law.