Economic Analysis

Catalog description

This course introduces students to the economic principles that shape business decision‑making, beginning with the factors that influence demand, supply, and overall market outcomes. Learners evaluate how firms pursue profit maximization amid competitive pressures and shifting market variables, applying analytical and innovative strategies to interpret the economic forces that define the business environment. The course emphasizes managerial decision‑making under uncertainty, guiding students in the use of probability and expected value to assess risk and choose effective actions. Students also develop fluency with present value concepts to evaluate trade‑offs over time and support long‑term strategic planning. Together, these tools equip learners with a solid economic foundation for informed and forward‑thinking managerial decisions.