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ECON 210

Economic Analysis for Business Decisions
Name: Economic Analysis for Business Decisions
Course Number: ECON 210
Credit(s): 3

Course Description

Students will gain analytical tools essential for assessing economic decisions made by market firms, emphasizing market formation, industrial performance, and strategic communication. The course will delve into the behavior of individual markets, emphasizing cost analysis and examining determinants of demand and supply. Additionally, the implications of regulatory policies and economics on business activities will be thoroughly investigated.

Learning Outcomes:

  • Comprehend the roles linked to managerial economics.
  • Recognize sources and provide examples of accounting profits.
  • Understand and articulate the concept of profit maximization.
  • Define the demand function and illustrate the demand schedule.
  • Compute and elucidate the point price elasticity concept.
  • Develop consumer surveys.
  • Identify and exemplify econometric models.
  • Calculate and apply input-output analysis.

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