Economics, Global Business, and Quantitative Analysis

Subdomains

Click on the subdomain titles to examine the range of skills and concepts a student can expect to demonstrate for assessment of this Domain:

• Economics 08
• Global Business
• Quantitative Analysis

Economics 08

• The graduate correctly applies marginal analysis.
• The graduate applies the laws of supply and demand to develop a desirable relationship between supply and demand in a given situation.
• The graduate analyzes a firm's competitive environment to determine whether the market exhibits characteristics of perfect competition, monopoly, oligopoly and monopolistic competition.
• The graduate analyzes how changes in specified variables affect the economy.
• The graduate analyzes monetary and fiscal policy and how policy makers use policy levers to manipulate economic outcomes, to make appropriate recommendations for courses of actions.

Global Business

• The graduate understands and can make recommendations for competing in the global business arena.
• The graduate can recognize the implications of international trade and make recommendations based on a firm's mission.
• The graduate can determine the advantages and disadvantages of various types of global operations.
• The graduate demonstrates sensitivity to cultural differences that impact business practice in foreign markets.

Quantitative Analysis

• The graduate uses optimizing models and other models as aids for making more informed decisions.
• The graduate correctly applies PERT/CPM techniques to project management tasks.
• The graduate uses expected value concepts as decision making tools.
• The graduate can describe quantitative and qualitative forecasting methods.