American Heritage University of Southern California

MB-517 Economics

This course focuses on the application of economic analytical concepts in individual and business decision making process. Optimization techniques in dealing with maximization of consumer satisfaction and profit as well as minimization of cost under certain and uncertain conditions are emphasized...more

  • Course ID: MB 517
  • Start Date: 09/06/2020
  • Duration: 8 Weeks
  • Method of Instruction: Online

Units: 3

Core  Course

This course focuses on the application of economic analytical concepts in individual and business decision making process. Optimization techniques in dealing with maximization of consumer satisfaction and profit as well as minimization of cost under certain and uncertain conditions are emphasized. It also discusses tools to analyze aggregate economic behavior such as economic growth, money, productivity, inflation, and unemployment

Virginia A Green1 Adjunct Faculty

Ph.D., Organization & Management, Capella University, M.B.A., Business Administration, Leadership & Technology, New York Institute of Technology, M.A., Business Administration, Leadership &

At the completion of this course, a student will be able to:

  1. Develop an understanding of the applications of managerial economics.
  2. Interpret regression analysis and discuss why it's employed in decision-making.
  3. Discuss optimization and utility including consumer behavior.
  4. Assess the relationships between short-run and long-run costs.
  5. Analyze perfectly competitive markets including substitution.
  6. Explain uniform pricing and how it relates to price discrimination and total revenue.

The Big Picture

How this course ties into your program outcomes:

Business Knowledge Critical Thinking Communication Technology Ethics
 
D D - D -

Legend:
I = Introduced
D = Developed
M = Demonstrated at the Mastery level suitable for graduation