BUS 771 - The Economic System, 3 credit hours

This course gives executives an understanding of how the US economy operates, so that they will understand the national economic environment in which their own firm operates both now and in the future. Descriptions are presented from an intuitive perspective rather than from a mathematical/theoretical perspective. Emphasis is placed on readily available sources of important data about the economy’s recent performance, on interpreting those data, and on obtaining and evaluating forecasts of the economy’s future performance. The forces influencing economic growth, interest rates, inflation, employment and living standards are studied. Government policies for influencing the economy are examined together with the organization of policy-making bodies and the motivations of policy makers.