Managerial Economics (6376.4)

CLOSED FOR FUTURE ENROLMENT.

Availability

Syllabus

This unit is designed to develop in students an ability to apply economic principles to decision problems facing managers and owners of firms. Topics include a reappraisal of market models from the perspective of a manager; methods of estimating demand; analysis of production conditions, of costs, of pricing policies, of the internal structure of the firm and of government intervention in the market.

Learning Outcomes

1. students should have gained an understanding of the type of information one must gather in order to apply economics to the problems of managing firms, and understand a range of theoretical models well enough to assess their usefulness to managers in specific situations.

Contact Hours

Normally thirty nine hours per semester.

Prerequisites

6355 Introduction to Economics or 9518 Foundations of Microeconomics