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Foundations of Economics (3 Credits)

MBAF 530

This course provides an introductory study of both microeconomics and macroeconomics. Microeconomics studies the behavior of individual households and firms in the marketplace, with topics including supply and demand, economic efficiency and welfare, the role of the government, and international trade. Macroeconomics covers the economy as a whole and is largely concerned with the level of output and prices in an economy. Topics include inflation and unemployment, money and banks, the role of the federal budget, monetary policy, and economic growth. This course is designed to meet a prerequisite of the MBA program. The course is open to students who have completed an undergraduate degree in a field other than business. Permission of MBA program directory is required.