Managerial Economics

Catalog description

Managerial economics integrates microeconomic theories, statistics inference and other quantitative methods into a well-grounded subject so as to make optimum managerial decisions in a dynamic business world. It includes the theory of optimization, case studies and business strategies in managerial decision-making. Major topics include pricing strategies, estimating and forecasting market demand/supply, optimal production and input usages as well as long range planning for modern corporations.