BUSI 513 - Fundamentals of Economics and Analytics

(3 hours) Designed principally for MBA students coming from non-business backgrounds, this course introduces students to those aspects of microeconomics (the study of individual economic units, including product markets. individual consumers, and firms) and changing) macroeconomics (the study of the broad economic world, including international trade, business cycles, and monetary and fiscal policy) that are relevant to business. This course will also provide students with an understanding of business data collection and interpretation and analytical tools for decision-making. It includes a study of the mathematical and statistical techniques including probability theory, statistics, regression analysis, inventory control, and more. Emphasis is on the application of these techniques in solving managerial problems. This course is designed to meet foundational requirements, and may not be counted as an elective credit toward graduation requirements. Note: This course cannot be challenged.