This course examines household and business decisions using economic concepts. Microeconomic theories are used to analyze managerial decisions regarding consumption, profits and output.
Emphasis is placed on computer spreadsheets as a decision tool.
Be able to apply microeconomic theory and analysis to common business problems. Know how to use computer spreadsheets to improve managerial decision making. Study Guide to accompany Hirschey and Pappas. Course Prerequisites Success in this course requires prior understanding of elementary microeconomic concepts. Math skills at the college algebra level will be used extensively throughout the course.