This course provides you with the economic toolkit that is essential for business decision-making. You will be introduced to the economic context in which businesses compete. You will learn how value is created by a firm, and the circumstances under which a firm can capture this value in the form of corporate profits. We will explore the tension that exists between a firm's acquisition of market power and social welfare, and examine how this tension leads to government intervention in markets. Throughout the course you will apply the principals of strategic decision-making to your analysis.