Course Detail
Units:
3.0
Course Components:
Lecture
Enrollment Information
Enrollment Requirement:
Corequisites: MATH 1210 OR MATH 1220 OR MATH 1310 OR AP Calculus BC score of 3 or better OR AP Calculus AB score of 4 or better.
Description
This course is an introduction to the field of business economics. Topics include value creation and value capture, demand curves, supply curves, optimization, equilibrium, monopoly, oligopoly, price discrimination, and elasticity. Business applications include setting optimal prices, understanding competition, choices over differentiated products, entering new markets, scale economies and diseconomies. Course sessions will consist of a mix of lecture and discussion. Readings will rely heavily on current news articles to illuminate the direct applicability of economics to the current business world.