ECO - Economics

This course provides an overview of macroeconomics and microeconomics and an understanding of how individuals, firms, and the government make decisions. It also explains how the market economic system works. Additionally, this course examines management decisions under different market structures and the impact of government intervention on markets. Finally, this course discusses gross domestic product and national income, inflation, unemployment, economic growth and business cycles, and the impact of fiscal and monetary policies on the economy. Pre-requisite(s): None. Co-requisite(s): None. 5 quarter hours

In this course students explore selected economic concepts and the relevance and application of such concepts at an organizational/individual firm level and decisions made by the managers. Topics covered in this course are drawn from both micro- and macroeconomics and include economic markets and competition; the power of incentives; importance of information in decisions; unemployment and inflation; measurement of a nation’s economic productivity; fiscal and monetary policy; globalization and trade; and issues of current interest in economics. Pre-requisite(s): BUS 430 or permission of Program Chair or designate. Co-requisite(s): None. 5 quarter hours