Prerequisite: Restricted to students in the School of Continuing and Professional Studies.
Introduction to economic analysis of the smaller components of the economy, household, firm and industry. Topics include economic, socio-economic, and political economic issues; includes a focus on behavioral economics; and provides students with an opportunity to analyze real world economic and public policy decisions that have been influenced by non-economic factors included within its field.
Outcomes: Explain the law of supply and demand; Distinguish characteristics of different market structures; Analyze how consumers maximize utility; Apply behavioral theory to economic decision-making; Analyze real world microeconomic decisions; Research a topic and present recommendations.
Introduction to economic analysis of the smaller components of the economy, household, firm and industry. Topics include economic, socio-economic, and political economic issues; includes a focus on behavioral economics; and provides students with an opportunity to analyze real world economic and public policy decisions that have been influenced by non-economic factors included within its field.
Outcomes: Explain the law of supply and demand; Distinguish characteristics of different market structures; Analyze how consumers maximize utility; Apply behavioral theory to economic decision-making; Analyze real world microeconomic decisions; Research a topic and present recommendations.