Course Descriptions

HS 290A — Economic Analysis for Managers

Introduces fundamental economic concepts, such as opportunity cost and marginal analysis. The course then turns to the examination of markets, with analysis of supply and demand in product and factor markets, elasticity of demand and supply, and the impact of price ceilings and floors, including a minimum wage. The determinants of consumer behavior are analyzed, with a special emphasis on the role of e-commerce. Costs of production for firms and resulting supply decisions are then considered. Markets without market power and markets with market power (monopoly and oligopoly) are examined. Antitrust policy, including the proper approach to the market power of Facebook, Amazon, and Google, is considered. Two classes focus on macroeconomics since the state of the business cycle is an important part of the economic landscape all managers must consider. The economic theory of nonprofits is discussed, as well as the economics of K-12 education. Usually offered every year.