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.

This course meets the Social Science general education distribution requirement.

Prerequisites: Admission to a Bachelor of Applied Science (BAS) 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.

College-Wide Learning Outcomes
This course teaches to the college-wide learning outcome of Cultural Humility, the ability to practice lifelong learning and critical self-reflection in order to understand one’s own cultural identity and its impact on being open to and supporting the cultures of others.

Total Hours: 50 Theory (Lecture) Hours: 50