OML 420: ECONOMIC ISSUES FOR MANAGERIAL LEAD

This course analyzes, first, the resource allocation process, focusing on supply and demand's impact on market price and the importance of marginal revenue and marginal cost to price and output determination. Secondly, the course analyzes the value of macroeconomic variables and the firm's use of such information. Lastly, the course conveys the understanding to the student of why firms need budget and forecasts and how these concepts enable a manager or leader to effectively manage and lead the firm. The course will describe various budgeting and forecasting techniques that firms use today and will enable students to develop their own forecasts using this information.