Economics for Business Decision Making

Catalog description

This doctoral course evaluates current and emerging economic issues related to intelligent decision-making in business. Students study how markets work, profit maximization, policy effects and strategic interaction by researching a series of practical economic problems related to the current business environment. The course focuses on central decision problems and the economic analysis needed to guide these business decisions. Students will work on two levels of analysis: 1) the microeconomic approach, which focuses on supply and demand, as well as forces that determine price levels; 2) the macroeconomic level, which takes a top-down approach, looking at the economy as a whole and trying to determine its course and nature. Students also research the impact of government intervention and its effect on intelligent business decision making. Students must achieve a minimum grade of B-.