Economic Analysis and Business Decisions

Catalog description

This course is the MBA core subject in microeconomics. The course objective is to give students a working knowledge of the analytical tools that bear most directly on the economic decisions firms must regularly make. Emphasis is made on market structure and industrial performance, including the strategic interaction of firms. Behavior of individual markets - and the producers and consumers that sell and buy in those markets - is examined in some detail, focusing on cost analysis, the determinants of market demand, pricing strategy, market power, and the implications o f government regulatory policies. The course examines implications of economics on other business practices, such as incentive plans, auctions, and transfer pricing.