| Course ID: | EMBA 7010. 3 hours. |
| Course Title: | Economic Analysis for Business Leaders |
Course
Description: | Introduction of the basic tools of microeconomics and
macroeconomics. Microeconomic concepts of supply and demand,
production, cost, and market structure are combined with
macroeconomic issues concerning fiscal and monetary policy to
develop an understanding of the relationship between an
enterprise and the economic environment in which it exists. |
| Oasis Title: | Economic Analysis |
| Duplicate Credit: | Not open to students with credit in EMBA 7010E |
Semester Course
Offered: | Offered fall semester every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | After completing this course, students will be able to
1. understand people better;
2. grasp the basic economic problems managers of organizations
face;
3. recognize the market characteristics that constrain
managers' actions;
4. think strategically about how to enhance the value of an
organization;
5. appreciate the importance of a nation's total output to the
well-being of its citizens;
6. comprehend the fundamental determinants of a nation's long-
run economic growth;
7. explain the role of labor markets, financial markets, and
money when resources are fully employed;
8. assess alternative government policies aimed at mitigating
the costs of macroeconomic instability; and
9. understand the basic nature of financial crises. |
| Topical Outline: | 1. The standard choice model
2. Markets, information, incentives and firm boundaries
3. Demand
4. Supply
5. Market structure
6. Pricing with market power
7. Some economics of strategy
8. Adverse selection and agency problems
9. GDP and the circular flow
10. Economic growth
11. Employment, wages and potential output
12. Consumption, saving, investment and interest rates
13. Money and inflation
14. The short-run economy: aggregate demand and supply
15. Stabilization policy and financial crises |
| Honor Code Reference: | Students are expected to adhere strictly to the University Honor
and Academic Honesty Policy, and to follow generally accepted
standards of honesty in all assignments and examinations. |