Managerial Economics

Catalog description

Students in this course will synthesize economic theory as used by management to optimize performance within the market economy and apply various methods, including regression analysis, to forecasting applications and business analysis. Students will evaluate the theory and estimation of demand, production, and cost functions, assess the pricing and output decisions faced by firms in different market structures, and evaluate the opportunities and risks globalization presents for firms. Students will integrate biblical wisdom into the economic decision-making process. Prerequisite: ECON-511