Economic Decision-Making

3 credits


College of Arts and Science, College of Business

This course reviews the economic foundations of cost-benefit analysis and applies these principles to practical evaluation problems faced by consumers, managers, and policy-makers. The foundational topics covered include consumer behavior, firm production and costs, welfare analysis in competitive and imperfect markets, taxes and inflation, and the workings of asset and insurance markets. These principles are then applied using common paradigms for evaluating risks, costs, and benefits in consumer finances, business management, and government project evaluation. Prerequisites: MATH 1500. Recommended: ECONOM 1014.