Business Economics I | 3 Credits

Students examine how supply, demand, consumers, producers, and competition shape market prices and output. The course introduces fundamental microeconomic concepts and their application to real product and service markets.
Students analyze changes in market conditions, use supply-and-demand models to explain observed outcomes, and assess how potential economic developments may affect future prices and production.

This course extends microeconomic analysis to industry structure, consumer and producer behavior, competition, and government regulation. Students investigate a significant market issue using economic models and relevant research.
Students develop a research proposal, collect and analyze evidence, evaluate stakeholder perspectives, and communicate policy or business recommendations, including potential unintended consequences.

Prerequisites

• BAEF 100x Microeconomic Market Analysis I