Course

Course Summary
Credit Type:
Course
ACE Course Number:
UOPX-0046
Organization Course Number:
ECO 524.4; ECO 524
Organization:
Location:
Classroom-based
Length:
6 weeks
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Graduate 3 Economics
Description

Objective:

To introduce the student to the tools and techniques of microeconomic analysis which can be applied to managerial decision-making and problem-solving. Emphasis on enhancing the economic value of a firm through analytic techniques.

Learning Outcomes:

  • Describe the basic features of a market economy
  • Describe the economic functions of the market
  • Use the model of supply and demand to analyze the effects of various economic forces on market price and quantity
  • Upon successful completion of this course, the student will be able to explain the meaning of economic scarcity and opportunity costs and relate these concepts to economic decisions faced by individuals, business organizations, and national economies
  • Explain the role of business firms within the national and global economic systems
  • Discuss profit ma
Instruction & Assessment

Instructional Strategies:

  • Classroom Exercise
  • Learner Presentations
  • Project-based Instruction
  • Work-based Learning
Supplemental Materials