Course Detail
Units:
3.0
Course Components:
Lecture
Enrollment Information
Enrollment Requirement:
Prerequisites: "C" or better in (MATH 1210 OR MATH 1220 OR MATH 1310 OR MATH 1320 OR MATH 1250) OR (AP Calculus BC score of 3 or better) OR (AP Calculus AB score of 4 or better).
Requirement Designation:
Quantitative Intensive BS
Description
This course is an introduction to the field of business economics. Topics include value creation and value capture, demand curves, supply curves, optimization, equilibrium, monopoly, oligopoly, price discrimination, and elasticity. Business applications include setting optimal prices, understanding competition, choices over differentiated products, entering new markets, scale economies and diseconomies. Course sessions will consist of a mix of lecture and discussion. Readings will rely heavily on current news articles to illuminate the direct applicability of economics to the current business world.