Introduction to economic models for business decision making. Models from microeconomics are applied to provide insight in understanding costs, pricing, industry structure, and competitive interaction. Information economics is used to illustrate principal-agent problems that commonly arise in a business context. Macroeconomic models of supply and demand are applied to illustrate how government policy affects inflation and exchange rates.
This course may not be repeated for credit.

Sections

This course will be offered next in Winter 2023.