Overview
In business, at every turn, a choice has to be made about the allocation of limited resources. Almost every day economic decisions are made that could have a big impact on the success of a company. This course will give you an understanding of the fundamental principles of economics, some of the factors that drive economies, and how economics shape the business environment. You will likely learn more about economics as you continue your work life. This course, however, will be an excellent introduction and give you some tools to think about the impact of economics of not only your work life, but your daily life as well.
About this course
- Underlying issues of economics-dealing with scarcity
- Understand what defines a market economy
- Identify factors that impact demand
- Identify factors that impact supply
- Analyze how the interaction of demand and supply determines an equilibrium price
- Recognize measures of the health of an economy
- Identify aspects of the cyclical behavior of economies
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Instructors
Dave Wells, PhD
Principal Lecturer, CISA - Leadership and Integrative Studies
Arizona State University
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