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Economics

ECON 551: Managerial Economics (3 credit hours)
Deals with the strategic application of microeconomic theory to management in markets where the firm has market/monopoly power. Covers sophisticated pricing policies, transfer pricing, dealing with competitors, corporation strategies, managing under uncertainty, asymmetric information and externalities. Examines how microeconomics may be used to enhance decision-making within the manager’s organization.

ECON 561: The Macro Environment of Business (2 credit hours)
Prepares to think systematically about the state of the economy, macroeconomic policy, and the economic environment. Includes the use of economic theory in understanding financial markets, the operation and impact of government policies that determine national income, employment, investment, interest rates, and money supply inflation.