BUS 502 - Economic Environment of Business
This course applies basics economics to a variety of issues relevant to business. Approximately half the course is devoted to applied microeconomics. The topics covered include pricing models, government regulation of business, labor markets, energy and environmental issues, and asymmetric information, agency theory and the structure of the firm. The other half of the course covers macroeconomic issues, including aggregate demand, monetary policy, finances of the federal government, long term economic growth, and international macroeconomic issues. The objective of the course is to apply basic economic reasoning to business problems and current issues.