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MBA Prep: Economics

MBA Prep

ISBN #978-1-959142-71-3

MBA Prep: Economics

Scott Findley, PhD
Dwight Israelsen, PhD

This resource surveys macroeconomic concepts including inflation, unemployment, gross domestic product, interest rate determination, growth, and income fluctuations. Students are introduced to key economic institutions and policies that regulate inflation, unemployment, and growth. Developing economic literacy will prepare students for the business world as they acquire an awareness of threats and opportunities in the economy today.

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Course Objective

This resource introduces macroeconomic concepts, economic institutions, and policies to help students build economic literacy and understand current economic threats and opportunities in the business world.

Table of Contents

Directions for Success in This Course
Chapter 1: What Is “Economics” and What Do Economists Do?
Chapter 2: Allocative Efficiency and the Benefits of Exchange
Chapter 3: Markets, Supply, and Demand
Chapter 4: GDP: National Output is National Income
Chapter 5: The Consumer Price Index and Inflation: Measuring Changes in the Cost of Living
Post-Test: Chapters 1–5
Chapter 6: Unemployment
Chapter 7: Saving, Investment Spending, and the Role of Financial Institutions
Chapter 8: Money and the Monetary System
Chapter 9: Monetary Theory, Monetary Policy, and the Relationship between Money and Inflation
Post-Test: Chapters 6–9

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