ECON 522 Economic Thinking for Managers
For managers to manage effectively requires an understanding of how the business world works and how businesses may be made more efficient and profitable. This course introduces managers to the economic way of thinking and examines the principles of rationality in organizations, economics and group behavior, the role of incentives in organizations, consumer demand and choice, production costs and consumer decisions, economics and organization strategy, and different types of labor markets. Finally, students will critically reflect on the economic way of thinking from a Judeo-Christian ethical framework.Prerequisite: MGT500