Introduction to Business Economics

Catalog description

In this course, students will describe the use of economics in business from a biblical perspective. They will have the opportunity to explain the interaction of supply and demand as well as demand-elasticity. Throughout the course, students will be challenged to identify the causes and effects of externalities, explain a firm's cost of production, and classify markets according to their structure and level of competition. Core ideas that make up the economic way of thinking will be explained from a global perspective.