This course applies theories of microeconomics and macroeconomics to real-world scenarios. The main objective of the course is to teach students how to use analytical tools that help to gain a deep understanding of the business environment; give meaning to the strategic interactions of companies; and facilitate effective economic decision-making.
The concepts familiarize students with market structure, dynamics, and behaviors, including how producers and consumers interact with each other and shape market behaviors. Key topics include consumer theory, intertemporal decisions, market structure, low-risk decisions, externalities and market failures, economic forces, and business cycles.
Upon completion of this course, students will possess the knowledge and skills necessary to make proper judgments regarding the likely consequences of various economic events.
- Teacher: Dr. John Buchanan