Consumer Choice and Demand

The Economics credentials signify competencies including compilation and analysis of economic data to forecast trends and determine the impacts of public policies and business decisions. Economic professionals also project future production and consumption of resources, conduct research on economic issues and disseminate findings through reports that inform decision-making by business and public policy leaders. . Specifically, this badge demonstrates the earner's ability to calculate and graph a budget line that shows the limits to a person's consumption possibilities, and explain marginal utility theory and use it to derive a consumer's demand curve.