Courses

MBAD6023 Economics Foundations for Decision-Making

Offered: Classroom & Online

Course Description:

Focus of the course is on economic concepts, principles and theory that underlie business decisions. Particular attention will be paid to price theory and the economic theory of the firm. Other topics to be covered include monetary economics, international trade and government regulation of business.

Prerequisites

NONE

MBA Learning Goals

  • Strategic thinking using economics principles to apply knowledge in the global marketplace
  • The ability to use quantitative and qualitative tools to identify and address business problems and opportunities
  • An appreciation of social responsibility, legal and ethical standards and corporate governance issues

Course Objectives

Individual faculty members set course objectives consistent with the content overview contained in the "Course Description" and with departmental learning objectives that students completing the course will:

  • Identify key economic terms
  • Use analytical methods to make decisions
  • Identify international institutions and agreements that influence business
  • Recognize the interaction among social, economic and political forces in the global market and domestic economies
  • Predict the outcomes of events in competitive and noncompetitive markets

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