ECO105 Principles of Economics I
The core of this course is how the external environment of the corporation influences operational and strategic management decisions. Examples from American economic history are used to introduce basic economic processes. Research on the limits of rational behavior and the impact of changing corporate structures on decision-making are highlighted. The roles of information, uncertainty and feedback are emphasized. Economic concepts are used to describe the development of dynamic imperfect competition. Different competitive strategies and markets, including financial markets, are analyzed.