Walden University 3 semester credits Business Administration
Global markets are increasingly turbulent, and understanding how these markets work is critical to the student's success as a business leader. The course is designed to show how the student can use economic theory to frame the challenges associated with operating a firm in a competitive environment. To facilitate this understanding, students in this course integrate concepts of both micro-and macroeconomics. From a micro perspective, students study managerial decisions, particularly in terms of demand, supply, opportunity costs, profitability, and competitive strategies. Students also analyze realworld industries, markets, and firms using the key concepts of microeconomics. From a macro perspective, students develop the skills to create a basic model of the macro economy emphasizing realworld data and relationships. By the end of the course, students can evaluate and resolve economic problems in real time.
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