A continuation of EC401 with an emphasis placed on the study of microeconomics. This course is a descriptive and analytical study of the market economy, including market structures, pricing, and distribution of wealth and income. This course offers a practical examination of the principles of macro- and microeconomics. Topics will include fiscal and monetary policies, regulatory action and competition, and issues related to domestic and international economics. An introduction to the processes and principles involved in financial management.
Practical emphasis is given to corporate entities, capital markets, as well as stock markets.
Basic principles such as financial ratios and other financial measurements are examined. In-Residence Utilization of accounting and financial data as a managerial decision tool is discussed. Students will explore methods of measuring the financial strength and stability of organizations through financial statements, ratios, and current market data. This course examines small group interactions and the processes that groups experience as they make decisions and complete tasks. Individual member traits, leadership, and intergroup conflict are also examined.