MFIN 5002 Principles of Economics
This course examines both the macro and microeconomic environments in which business operates. At the microeconomic level, topics include the operation of markets in the allocation of our scarce resources, the behavior of individual consumers and firms and the effect of price mechanisms on market outcomes. At the macroeconomic level, topics include economy-wide variables such as GNP, unemployment, inflation, the general price level, interest rates, growth rates, and the exchange rate. The role of government in policymaking and the effectiveness of monetary and fiscal policies will also be discussed.