MGMT-6300

Business Economics

This course is an introduction to the economic environment in which a manager operates. Elements of this environment include the concepts of marginality and the trade-offs among conflicting goals. Microeconomic dimensions include cost and production theory, demand theory, and market theory. The macroeconomic elements of importance include the relations among gross output, income, and employment, and the effect of governmental economic policy on the operations of the firm. Fall term annually.

3 credit hours