Related topics include comparative advantage and trade, competition and monopoly, government regulation, and labor markets. A survey of the mathematical skills needed for upper division courses in economics and business. Emphasis is placed on the use of mathematical models to describe relationships in business and economics. Topics covered include mathematical functions, cost functions, the consumption function, systems of equations, market models, the Keynesian income determination model, matrix algebra, input-output analysis, differential and integral calculus, marginal analysis, and profit and utility maximization. An introduction to the basic techniques of descriptive and inferential statistics as applied to the decision-making process in business and economics.
Emphasis is placed on estimation and forecasting techniques.
Topics covered include measures of central tendency and dispersion, index numbers, probability, regression analysis and economic forecasting. An introductory study of information systems from a business problem-solving perspective. Topics covered include an overview of business information systems, and the foundations of information technology. Students use the personal computer to analyze problems and design solutions in the major areas of business. The course emphasizes the use of spreadsheets and other information processing software.