ECON 52654 - Managerial Economics

Credit Hours: 3

Managerial Economics is the application of economic analysis to managerial decision making. The course applies basic economic theory to day-to-day business decisions and long-run strategy and explores how economics affects the firm and the external environment in which the firm operates. Topics include: economic models, supply and demand theory, elasticity, regression analysis, firm and consumer behavior, production functions, cost analysis, forecasting, and firm organization and structure.