| COURSE NUMBER: |
ECON 6800 |
|
|
| COURSE TITLE: |
National & International Economics for Managers |
CATALOG DESCRIPTION:
Prerequisite: Graduate (MBA) student status, ACCT 4999, ECON
4999, FINC 3400, and MATH 3110 or equivalent courses. This course
demonstrates how economic theory is applied to national and international
managerial decision-making. The course covers topics such as demand
analysis, production and cost functions, market structure, managerial understanding
of public policy, and international trade finance topics. |
LEARNING OUTCOMES:
The principal learning outcomes of this course are:
-
To understand elements of consumer-choice theory for managerial decision-making
-
To understand the managerial importance of marginal-cost and marginal-revenue
considerations
-
To understand how market structures influence market behavior and performance
-
To understand the basic economic theory behind public policy and regulatory
efforts
-
To understand macroeconomic and business cycle indicators and to discuss
them
-
To understand the basics of monetary and fiscal macroeconomic policy and
their importance to managerial decision-making
-
To understand the economic rationale for the promotion of trade
-
To understand basic elements of the economics of international finance
|
| RELATIVE TOPIC EMPHASIS (45 hour semester)
Topics |
Approximate
Class Hours
|
| 1. Demand |
5
|
| 2. Production, cost & supply |
5
|
| 3. Market structure, behavior & performance |
5 |
| 4. Public policy (microeconomics) |
5 |
| 5. Macroeconomic indicators and business cycles |
5 |
| 6. Monetary/fiscal policy |
5 |
| 7. International trade/protectionism |
5 |
| 8. International finance/foreign exchange |
5 |
| 9. Public policy (macro/international) |
5 |
|
45 |
|