Managerial Economics

Catalog description

This course applies economic principles to rational business operations. The course covers demand theory pricing, forecasting, costs, capital allocation, distribution, and consumption. Students will explore economic concepts such as opportunity costs, supply versus demand, profit maximization, and monetary systems. Throughout the course, economic and geopolitical events are discussed, highlighting their cause-and-effect relationships. Upon completion, students will have a strong foundation in managerial economics and be able to apply economic principles to real-world business scenarios.