This course is designed to familiarize doctoral students with economic techniques applicable to both public and private business decision making, and to impart the skills necessary for their utilization. An economic focus will be provided for the application of quantitative analyses. Applications such as supply and demand functions, elasticities, pricing strategies for both public and private goods, human capital and market structures will be examined. Fiscal policy and monetary policy, international trade and globalization, inflation, unemployment and other current macroeconomic issues will be discussed. The focus of the course will be on case analysis and the preparation by each student of a research paper, which applies one of these techniques to the solution of a work-related economic issue. Prerequisite: Graduate level economics.

( GMP 5050 OR ECN 5050 )

A. Entrance Competencies:

It is expected that students entering the course:
1. possess a working knowledge of introductory economics.
2. are familiar with basic concepts of algebra.
3. know how to work with graphs and functional relationships.
4. possess cognitive ability to relate economic concepts to real-life situations.

B. Exit Competencies:

Upon completing the course, students should have developed a solid understanding of the interplay among microeconomic variables as they relate to both business firms and government agencies. Specifically, they should have acquired a working knowledge of the various microeconomic techniques and their applications.

The student should possess a thorough understanding of the specific applications appropriate to each technique as well as the limitations of each. The student should be able to evaluate the results emanating from the utilization of the techniques and integrate them into the decision making process.

Finally, students should be able to effectively understand macroeconomic problems such as inflation, recession, depression, unemployment, the role of money, monetary policies and their relationships with central banks (Federal Reserve System in the U.S.); fiscal policies, globalization, distribution of income and wealth, poverty, economic integration and economic blocks, the role of international organizations (both governmental and non-governmental) and their socioeconomic impacts at the domestic and transnational levels.

1. Required Materials


1. Textbooks

Microeconomics: Theory and Applications - 4th.Edition - 2003
Salvatore, Dominick
Oxford
New York and Oxford ISBN: 0-19-513995-X

Study Guide
0-19-516291-9



APA Manual
The APA Manual is a recommended textbook for all courses.
Effective July 1^st 2009, the 6th edition of the APA Manual is recommended for all courses.

NSU Bookstore
Textbooks and Case Studies may be purchased from the NSU Bookstore (located in the University Park Plaza) by calling 1-800-509-2665 or online at http://www.nsubooks.bkstore.com.

The NSU libraries comprise the Alvin Sherman Library, Research, and Information Technology Center, East Campus Branch Library, Health Professions Division Library, Law Library and Technology Center, North Miami Beach Branch Library, University School Library Media Centers, and the William S. Richardson Ocean Science Library. Students are strongly encouraged to visit one of the physical locations and/or take advantage of the vast electronic library available for research. For more information, please visit http://www.nova.edu/library.

Please note that all required and recommended materials should be referenced in APA style.