BBA 2501

Description

Introduces economic theory and practice, specifically the economic system of supply and demand. Includes the affect this system has on business and individuals, especially in the making of decisions. Analyzes the foundations of economic reasoning and central key terms, laws, and concepts of economic analysis and understanding.

Objectives

1. Recognize resource scarcity as the central economic problem.
2. Analyze how supply and demand creates the market for goods and services.
3. Explain how supply and demand elasticity affects consumer decisions.
4. Analyze the decisions of firms in perfectly competitive markets.
5. Differentiate between a monopoly, monopolistic competition, and an oligopoly.
6. Examine the market for resources as it pertains to firms.
7. Critique the existence and regulation of corporations.
8. Interpret poverty, pollution, and public verses private goods.

PreRequisites

None

Textbook(s)

* Disclaimer: Textbooks listed are based on the last open revision of the course. Prior revisions and future revisions may use different textbooks. To verify textbook information, view the course syllabus or contact the CSU Bookstore at bookstore@columbiasouthern.edu