eth557 | Graduate
topic title goes here
Price and Consumer Behavior
- Apply the concept of elasticity to changes in product price, consumer income, and competitor price.
- Explain how the concepts of utility, income, and substitution predict consumer behavior when a price changes.
- Analyze the interaction of supply, demand, and price ceilings on the market equilibrium price.
- Analyze ethical challenges in measuring performance.
- Explain the Agency Problem.
- Explain the financial market events that lead to the 1933, 1934, and SOX acts.
Ethical Situations I
- Analyze ethical challenges in revenue recognition.
- Analyze ethical challenges in debtor-creditor relationships.
- Analyze ethical challenges in bankruptcy.
Ethical Situations II
- Analyze ethical challenges in business contracts.
- Analyze ethical challenges for information technology.
- Distinguish between statements made from the perspectives of positive and normative economics.
- Explain the conditions necessary for market efficiency.
- Analyze the characteristics of the market system and how they operate.
- Explain the economizing problem and the models used in economics.
- Identify professional standards and responsibilities for Certified Public Accountants.
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