SUS 6200 - Ecological Economics and Macroeconomics

(4 units)

This course is a continuation of managerial economics, focusing on two additional realms of economics: macroeconomics and ecological economics. Macroeconomics is concerned with the economic aspects associated with national level economic policy and international economic issues, rather than the behavior of households and firms (the realm of microeconomics). Ecological economics is an evolving branch of, or approach to, economics that understands markets in a far more complex, evolving and interrelated manner than traditional economics. It parallels ecology in that it sees elements of the economy as part of an ecosystem rather more than as isolated components. This course has two primary objectives: provide an understanding of the central elements of the macroeconomic model and how these elements relate to managerial decision making, and provide an overview of the field of ecological economics and how this field views and illuminates the issue of sustainability.