| Course ID: | ECON 7010. 3 hours. |
| Course Title: | Economic Analysis for Business Leaders |
Course
Description: | The first part of the course focuses on microeconomics, with an
emphasis on the basic decision problems faced by households and
business managers. The second part develops the foundations of
modern macroeconomic theory, with emphasis on its relevance for
business managers and executives making decisions in an
increasingly globalized world. |
| Oasis Title: | Econ Analysis for Bus Leaders |
| Prerequisite: | Permission of department |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | The first part of this course is designed to help students
understand how various economic entities allocate scarce
resources to many competing needs and how these decisions are
affected by the characteristics of markets and the broader
economic and policy environment. The second part of the course
prepares students to gain a better understanding of issues such
as the determination of aggregate output, inflation,
unemployment, and business cyles, as well as special topics such
as government debt, financial crises, and exchange rates. |
| Topical Outline: | The market forces of supply and demand
Elasticity and its applications
The costs of production
Firms in competitive markets
Monopoly and other market structures
Introduction to game theory
Oligopoly
Output and national income
Money and inflation
The open economy
Labor markets and unemployment
Business cycles
Government debt and budget deficits |