MFTC 204H - Honors Economics

This course is designed for students who to gain a deeper understanding of core economic principles. Beyond the basic understanding of the forces shaping America’s highly competitive and globalized market-oriented economy, this course applies economic theories to practical business questions and current issues particularly those that relate to the retail industry. The fundamental principles of microeconomics and macroeconomics are addressed using analytical and quantitative tools such as cost minimization and profit maximization of a firm under different industry structures, demand and supply equilibrium conditions involving substitute goods, consumer utility maximization, income-expenditure equilibrium, multiplier effects of changes in government spending and aggregate consumer spending.
3 credits
Prerequisite: MFTC 214-Business Calculus I
Corequisite: MFTC 315-Statistics or MFTC 315H-Honors Statistics, Enrollment in the Fashion Scholars Program