ECONOMICS AND THE GLOBAL BUSINESS ENVIRONMENT

Catalog description

Building on the foundation of an undergraduate economics course or courses, this graduate-level business economics course places the decisions that business managers will make in the context of their economic environment. In the first part of the course, students will learn how businesses are affected and constrained by a country’s economic growth and recessions, by Federal Reserve decisions regarding interest rates, and by inflation, by international trade and finance, and by exchange rates. In the second part of the course, students will learn how to use economics to solve problems, focusing on issues of cost-benefit analysis, pricing, competition and differentiation, strategy, uncertainty, and organizational design. Prerequisite: ECON 501 or equivalent.