Define and graph the total cost, fixed cost, average variable cost for a firm. Define and graph the average fixed cost, average variable cost, and marginal cost. Explain the factors that impact wage determination. Compare the outcome on wages and quantity of labor employed between a competitive and monopsonistic labor market. Forecasting A review of modern forecasting tools applicable in the business community.
Emphasis is placed on the non-mathematical development and application.
Financial Concepts A survey of the foundations of corporate finance. Topics include financial goal of the corporation, impact of markets and government on the firm, relationship between risk and required rate of return, time value of money, stock valuation and dividend policy, bond valuation, portfolio analysis, and basic financial statement analysis. The computer will be used extensively to demonstrate real world applications of textbook concepts. This course may not be used to satisfy major core requirements, and may not be substituted for EC201. EC211 Introduction to Investments Analysis of common and preferred stocks, government and municipal bonds, and corporate bonds and other financial instruments.