| Course ID: | EMBA 7010E. 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 the 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 7010 |
| Nontraditional Format: | This course will be taught 95% or more online. |
| Grading System: | A-F (Traditional) |
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| 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 |