BUEC 211 - Business Economics, Organizations and Management

3 units (fi 6)(EITHER, 3-0-0)

Faculty of Business

Business organizations as systems of mutually reinforcing functional areas where decision making is driven by underlying economic forces. Application of economic theory to facilitate complex decision making within organizations: economic models of decision making are linked directly to functional areas of management. Topics include the organization of firms and industries; meeting customer needs; and decision making involving production, resource use, dealing with risk and uncertainty, scale and scope of operations, competitive advantage, and product pricing. Prerequisite: ECON 101, ECON 102, and MATH 154 or equivalent. Not open to students with previous credit in ECON 281. Students may not receive credit for both BUEC 211 and BUEC 311.