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Course catalog descriptions for courses offered in all currently published terms.
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Business Economics |
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| BE 501 |
Applied Microeconomics |
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3 hours |
Core |
Terms Offered: F09, S09, M08, W09(A), F08, W10 |
| | Course Prerequisites: No credit in BE 502, 503 |
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Applied Microeconomics --- This course provides students with the foundations of microeconomic analysis. The primary objective is to develop the abilities of students to apply fundamental microeconomic concepts to a wide range of managerial decisions, as well as public policy issues. Foundation topics include: costs and supply behavior of the firm; consumer behavior and market demand; market forces, price formation and resource allocation; international trade and trade restrictions; and, market power and price-setting behavior. Students will also be introduced to more advanced aspects of microeconomic analysis. Advanced topics include; decision-making with risk and imperfect information; and, complex pricing strategies. |
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