“Economics explains how today's business world operates. In class we explore possibilities, trade offs, and getting the most from organizational resources.”
McCord Professor of Executive Management Development
Discover the ways in which economic forces are constantly changing your business environment. Economics will help you understand how the business cycle, interest rate fluctuations and federal budget policy affect business.
You’ll gain a better understanding of the relationship of GDP, inflation and interest rates to exchange rates and the international competitive environment. Learn how the basic forces of the market determine value, unit sales and price, and observe how variations in cost relate to pricing and sales. You’ll also be introduced to practical methods for factoring product differentiation, market structure and innovation into your strategic thinking.