ECONOMICS FOR MANAGERS

Prerequisites & course information

Requisites: Graduate/professional standing Course Designation: Grad 50% - Counts toward 50% graduate coursework requirement Repeatable for Credit: No Last Taught: Summer 2026 Learning Outcomes: 1. Demonstrate the proper use of costs and benefits in decision making (e.g., concepts of marginal, average, sunk, short-run, long-run, nominal, real, opportunity costs) Audience: Graduate 2. Use the supply and demand framework to evaluate a range of economic events and activities, such as prices, interest rates and exchange rates, and at the levels of the firm, industry, domestic, and global market Audience: Graduate 3. Apply economic principles to analyze decisions (e.g., pricing strategies, consumption, protectionism, regulations) when decision makers (e.g., firms, government) have market power Audience: Graduate 4. Apply the notion of equilibrium from game theory to study settings with multiple decision makers Audience: Graduate Learning Outcomes: 1. Demonstrate the proper use of costs and benefits in decision making (e.g., concepts of marginal, average, sunk, short-run, long-run, nominal, real, opportunity costs) Audience: Graduate 2. Use the supply and demand framework to evaluate a range of economic events and activities, such as prices, interest rates and exchange rates, and at the levels of the firm, industry, domestic, and global market Audience: Graduate 3. Apply economic principles to analyze decisions (e.g., pricing strategies, consumption, protectionism, regulations) when decision makers (e.g., firms, government) have market power Audience: Graduate 4. Apply the notion of equilibrium from game theory to study settings with multiple decision makers Audience: Graduate