This course examines the effort of the enterprise to secure profits and the nature of demand for its products. Instruction emphasizes both micro and macro-economic issues that have relevance in the business environment.
Use analytical tools that can be used to understand how people make choices
Study contemporary economic issues and analyze them by using the tools of economic analysis
Understand roles of the government and the Federal Reserve in economic analysis
Analyze how the market system solves basic economic problems
Understand how group or collective economic decisions are made and the consequences
About this course:
This course examines the effort of the enterprise to secure profits and the nature of demand for its products. Topics include cost and production, allocation of resources through competition, forms of market competition, relation of size to efficiency, markets for productive factors, incentives and growth, and capital budgeting. Various concepts of algebra and statistics may be used in the analysis of economic theory. Transferable for UC credit.