Managerial Economics

Catalog description

This Managerial Economics course studies the role of economic theory in management analysis and decision incorporating a Christian ethical context. This course is about economic principles and their relevance to business decision-making. We will explore the interaction of information, economic incentives and market competition and how these interact to determine prices, products available, profits, and patterns of trade and organization. At the end of this course, students should be able to understand how basic economic reasoning can lead to improved managerial decisions. Prerequisites: Undergraduate course or equivalent competency in Microeconomics; BUS-6100 Managerial Data Analysis or BUS-6300 Operations Research. Prerequisite or corequisite: BUS-5010 Foundations of Business II.