ECON 3109IS: Managerial Economics

Catalog

Economics is frequently described as the science of decision-making under scarcity (at any given time we want more things than we can obtain, given available resources) and this is a good description of the subject of this course. Students will apply economic tools and basic statistics to solve managerial problems faced by entrepreneurs, managers and government regulators. Typical topics include demand analysis and estimation, consumer theory, cost functions, market structures and other microeconomics subjects. (S) Prerequisites: ECON 2105, ECON 2106, both with a "C" or better. Co-requisite: FINC 3056.