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BBA
Understand the basic principles and concepts of supply and demand and consumer behavior
Included with BBA Full Access
Included with BSIT Full Access
We are currently reviewing underlying agreements with the content developers responsible for this course. Currently, this Competency is not available.
Define scarcity and the three fundamental questions of microeconomics.
Analyze supply and demand as impacted by changing market conditions.
Understand how supply and demand react to price changes (i.e., elasticity).
Define consumer behavior including consumer preference and utility and how consumers make choices when they face budget and time constraints.
Bring your institution and students quality, job-focused, and flexible program options
Included with BBA Access
Bring your institution and students quality, job-focused, and flexible program options
Included with BSIT Full Access