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Managerial Economics
MANAGERL ECON
CLASS CODE: ECON 300 CREDITS:  3
DIVISION: BUSINESS & COMMUNICATION
DEPARTMENT: ECONOMICS
GENERAL EDUCATION: This course does not fulfill a General Education requirement.

DESCRIPTION: This course is designed to enhance the student's understanding of how micro economic analysis can be applied to modern business decision making.
TAUGHT: Winter 2004, Winter 2005, Fall 2005, Summer 2006
CONTENT AND TOPICS:

  • Demand estimation

  • Forecasting

  • Production

  • Cost

  • Market structure

  • Input pricing

  • Risk analysis
GOALS AND OBJECTIVES:

  1. Become familiar with the micro economic tools necessary for sound managerial decision making.

  2. Be introduced to managerial economic topics such as regression, forecasting, demand analysis, cost, production, and game theory.

  3. Develop mathematical and graphical models that allow for managerial economic analysis.

  4. Review and develop basic mathematic tools used in optimization analysis.

  5. Provide real world examples that incorporate managerial economic tools.

  6. Write on a variety of managerial economic topics.

  7. Develop analytic and logic skills in managerial problem solving applications.
REQUIREMENTS: Weekly homework assignments, quizzes, research and writing assignments, and exams.
PREREQUISITES: Economics 111, 112
OTHER:
EFFECTIVE DATE: August 2001