MGE 604LEC - Business Economics

The principles of economics are a foundational element in all business decision-making and functions. This course covers the basics of economics and applies economic logic and analytical methodologies to everyday business problems and issues. General topics include the development of supply and demand models, price and cost modeling, and profitability optimization. Theoretical concepts will be supplemented with hands-on practice in the use of various analytical techniques including data acquisition, data visualization, descriptive analytics, ratio analysis, sensitivity analysis, profitability optimization, and economic forecasting.

Credits: 2