ECON 496 Managerial Economics
This course focuses on the application of economic analysis to enterprise decision making. The basic topics include analyses of demand, costs, capitalization and strategy. The purpose is to apply economics to achieve long-run profit maximization. Students apply principles of modern strategy to real case studies.
Prerequisites
4 Undergraduate credits
Effective August 27, 2005 to present
Learning outcomes
General
- Apply the tools of economic analysis to enterprise decision-making.
- Analyze demand, costs, capitalization, and strategy to achieve long-run profit maximization.
- Apply principles of modern strategy to real case studies.
- Design pricing strategies to maximize market power.
- Evaluate managerial decisions in an economic context.
- Solve repeated and non-repeated games.