Microeconomics

Microeconomics provides a relevant and interesting approach to how the world conducts business. A firm grasp of microeconomics is a vital tool for managerial decision-making, understanding public policy and analyzing how various markets work. Microeconomics deals with the behavior and significance of the individual in the market, and explains how and why individuals make economic decisions.

The purpose of this course is to provide students with the tools necessary to understand the relationships between economic principles and the international marketplace in which we live. Topics include: The Price System; Product Market Basics; Profit Maximization; Different Markets; Resource Markets; Natural Resources and Environmental Policy; Current Issues in the Market Economy and International Trade; and Finance.