No previous course work in economics. Not open to Economics majors. This course deals with the current state of microeconomic theory. The major topics covered are the theory of consumer behavior, theory of production and cost, theory of the firm, distribution theory and welfare theory. Economic analysis of the business firm and its environments, with emphasis on market structure, production possibilities and cost factors.
Additional consideration is given to the theory of the firm under conditions of uncertainty.
This course traces the development of macroeconomic theory from the classical point of view to current schools of thought. This course is concerned with the statistical measurement and evaluation of general business conditions, and the adaptation of business policies to changing business conditions. Emphasis is placed upon the practical application of statistical techniques of analysis to the business situation, within the framework of the aggregate economy. Only students who have been admitted to the Executive MBA program may take this course. A study of current quantitative research techniques in business and economics.