Managerial Economics

Course ID
ECN 6310
Level
Graduate
Credits
2.0

Managerial Economics is concerned with thoroughly exposing the students a rigorous foundation in microeconomics which becomes the basis for a way of thinking about managerial problems. The course aims to develop students’ capacity to analyze the economic environment in which business entities operate and understand how managerial decisions can vary under different constraints that each economic environment places on a manager’s pursuit of its goals, focusing on analyzing the functioning of markets and the economic behavior of firms and other economic agents. In addition to increasing their understanding of economic reasoning which can inform and develop useful insights for practicing business decision makers, the course equally aims to help students better recognize how to apply modern principles and methods of microeconomics to real-world business problems in different contexts and eventually better deal with problems of practical relevance to managers. Knowledge of basic algebra and calculus skills areassumed throughout the course.

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