Course Detail
Units:
3.0
Course Components:
Lecture
Enrollment Information
Enrollment Requirement:
Prerequisite: Masters status in the School of Business.
Description
Teaches the basic principles of microeconomics and macroeconomics and their usefulness in making business decisions. The course covers supply and demand, individual´┐Żs consumption, savings, and labor behavior. In addition, the course analyzes both short-run fluctuations and long-run growth of the aggregate economy. Topics include profit maximization, utility maximization, demand, supply, uncertainty, game theory, agency theory, booms and recessions, inflation and unemployment, monetary and fiscal policy, budget and trade deficits, and interest and exchange rates.