BUS 508 - Economics for Graduate Students

Minimum Credit(s) Awarded: 1
Maximum Credit(s) Awarded: 1

Economics is concerned with the efficient utilization or management of limited productive resources for the purpose of attaining the maximum satisfaction of human material wants. Macro-economic looks at an overview of the economy and the relationships among the many aggregates that can be measured and compared over time. Organizational planning should take place only after studying the macro-economic environment. Micro-economics is concerned with specific economic units and makes a detailed appraisal of these units’ economic functions. The purpose of studying micro- economics is to more intelligently make decisions. Strategic planning should only take place after there is a thorough understanding of the organizations micro-economic design.

Offered Fall, Spring, Summer

Prerequisite(s): None