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Economics –
eco561
(3 credits)
This course applies economic concepts to make management decisions. Students employ the concepts of scarce resources and opportunity costs to perform economic analysis. Other topics include supply and demand, profit maximization, market structure, macroeconomic measurement, money, trade, and foreign exchange.
This graduate-level course is 6
weeks.
To enroll, speak with an Enrollment Advisor.
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Cost Concepts
- Identify production level to maximize profits.
- Apply economic cost concepts in making business decisions.
- Explain how to balance fixed and variable costs.
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Improving Business Decisions
- Apply economic concepts in making business decisions.
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Credit Markets and Globalization
- Project the effect of global economic conditions regarding trade and specialization business decisions.
- Project the effect of credit markets on the economy.
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Economic Conditions
- Evaluate current macro economic condition based on key indicators.
- Determine the economy's stage in the business cycle.
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Market Structure
- Determine ways to reduce costs for an organization.
- Determine ways to increase product differentiation based on market structure.
- Determine ways to create non price barriers to entry based on market structure.
- Determine pricing strategy to meet organizational goals.
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Increasing Revenue
- Explain market equilibrating process.
- Choose methods to increase revenue in an organization.
- 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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