Lectures emphasize the use of basic probability concepts and statistical theory in the estimation and testing of single parameter and multivariate relationships. In computer labs, using Microsoft Excel, each student calculates descriptive statistics, probabilities, and least squares regression coefficients in situations based on current business and economic events.
Continuation of Fundamental of Economics for Business I. After a review of the major types of markets, explores macroeconomic concepts, beginning with measurement and the National Income Accounts, and then moving to cycle fluctuations and performance of stock markets. Concludes with microeconomic and macroeconomic perspectives in two areas: labor markets and globalization with applications in business contexts.
This course studies money, banks, financial markets and government monetary and financial policy. Monetary topics include the role of money in the economy, different types of money, the measurement of the money supply, the nature of monetary institutions and the conduct and impact of monetary policy. Other important topics are the special monetary and financial role of banks and the nature and goals of bank regulation. On the finance side, the main focus is the organization of financial markets, the determination of interest rates and bond prices, and the nature and purpose of government regulation of the financial system.
