Units: 4
Hours: Lecture, 3 hours; individual study, 3 hours
Catalog page 459
Prerequisites: MGT 403; or equivalent; graduate standing; or consent of instructor
Description: For the MGT 203 online section, enrollment in the Online Master of Business Administration program is required; MGT 403; or equivalent; graduate standing. A study of the use of microeconomics and macroeconomics in managerial decision making. Topics include demand and supply, production and cost functions, competition, labor supply, national income accounting, aggregate output, interest rates, fiscal and monetary policy, inflation, economic growth, and business cycles.