ECON 310 Business Economics

5 credits

Covers applied microeconomic analysis and introduces applied macroeconomic analysis of relevance to the business firm. Emphasizes the development of economic tools and concepts that can be used in the firm’s management decision-making process. Builds upon the standard economic analysis of the firm that integrates a company’s revenue, cost, output and pricing decisions. Marginal and incremental reasoning is stressed as an important decision-making principle.

Prerequisites: Admission to the BAS in Transportation, Logistics, and Supply Chain Management program

Course Outcomes
Upon successful completion of this course students will be able to:

Interpret and analyze the principles essential for understanding the economizing problem, specific economic issue, and policy alternatives
Apply the economic perspective and reason accurately and objectively about economic matters that can be used in the firm’s decision making process.
Analyze applied macroeconomic issues relevant to the firm.

Total Hours: 50 Theory (Lecture) Hours: 50