This course applies economic concepts for strategic economic decision-making in business. This includes the practical application of microeconomics and macroeconomic theory in business through the assimilation of strategic concepts and analysis of actual economic events.
Summarize differences between economic market types.
Determine optimal business strategies given market structure.
Explain how market types affect a business’s ability to maximize profits.
Create a sustainability strategy for a business.
Evaluate a business in terms of sustainability.
Explain how noneconomic decisions may affect a business’s financial success.
Competitive Advantage and International Business
Explain international business strategies used to mitigate risk and maximize profits.
Explain how a firm may achieve competitive advantage.
Assess the risks and benefits of mergers.
Explain how firms interact with the government as a buyer in a market economy.
Summarize the government’s regulatory role in a market economy.
Determine appropriate output levels and cost cutting strategies.
Explain the importance of marginal analysis in business decisions.
Explain how changes in the business environment affect supply and demand.
The University of Phoenix reserves the right to modify courses.
While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.
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