MBA 5042 - Managerial Economics

Managerial Economcis is a course that is intended to help students apply basic economic principles to decision making processes of the firm. The course will provide a foundation of economic tools relevant to the modern business environment and require extensive application to enhance decision making skills relevant to managers. Students will develop familiarity with the concepts and methods used in economic analysis for making decisions regarding price and output to maximize firm profitability, evaluating the market structure of the industry and responding to the competitive composition of the market, choosing appropriate courses of action in certain and ambiguous environments, and aligning individual incentives with firm incentives. Prerequisite(s): Enrollment open to MBA majors only.

Credit Hours: 2