BUS 52400 - Economic Analysis For Managers

The theory of consumer behavior, theory of production, and factor markets are examined in microeconomics. National income accounts, inflation, unemployment, and macroeconomic policy are examined in macroeconomics. Emphasis will be on global economic and trade issues.

Preparation for Course
P: BUS 50300 or Equivalent.

Cr. 3.
Notes
You must be admitted to the MBA program or secure approval from the department before enrolling in any graduate-level business or economics course.

Student Learning Outcomes

1. Understand theoretical perspectives and then apply empirical tools to predict consumer and firm behavior in various business environments.
2. Gain knowledge of major properties of different market structures (perfect competition, monopoly, monopolistic competition, and oligopoly) and apply this knowledge to identify the degree of competitiveness of a particular industry.
3. Differentiate between market or government failures and identify a possible set of policy precepts to address potential market distortions.
4. Understand the fundamentals of national accounting and business cycles and apply this knowledge to analyze the health of a particular economic system.
5. Understand the role of money and the Federal Reserve in the economy, and the effectiveness of monetary policy instruments on national output.
6. Differentiate between various fiscal approaches, conventional fiscal policy instruments, and the role of automatic stabilizers in business cycles and apply this knowledge to predict the impact of fiscal policy on the business environment.