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Applied Economics In Business –
eco415
(3 credits)
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.
This undergraduate-level course is 5
weeks.
To enroll, speak with an Enrollment Advisor.
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Basic Concepts
- Explain how changes in the business environment affect supply and demand.
- Explain the importance of marginal analysis in business decisions.
- Determine appropriate output levels and cost cutting strategies.
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Market Structure
- Summarize differences between economic market types.
- Explain how market types affect a business’s ability to maximize profits.
- Determine optimal business strategies given market structure.
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Public Policy
- Summarize the government’s regulatory role in a market economy.
- Explain how firms interact with the government as a buyer in a market economy.
- Assess the risks and benefits of mergers.
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Competitive Advantage and International Business
- Explain how a firm may achieve competitive advantage.
- Explain international business strategies used to mitigate risk and maximize profits.
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Sustainability
- Define sustainability.
- Explain how noneconomic decisions may affect a business’s financial success.
- Evaluate a business in terms of sustainability.
- Create a sustainability strategy for a business.
- 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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Learn more today
Find out how we can help you meet your goals. Not all courses are available to residents of all states. Ask your Enrollment Advisor for details.
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