Economics and Finance

This course begins with a review of fundamental economic concepts, such as supply and demand, cost analysis, money and banking, saving and investment, and the nature and limitations of markets. The emphasis is on how basic economic factors influence all types of organizations and what organizations do to manage their financial affairs through budgets, financial controls, investments, and collaborations with other organizations. The role of international and financial institutions, such as the World Trade Organization, World Bank Group, and International Monetary Fund, will be examined. How globalization has altered the economic and financial arrangements between countries is also explored. Students learn to utilize economic and financial tools to identify and analyze international business opportunities.