Managerial Economics

Catalog description

This course is a study of the tools of analytical decision making that aid modern managers in solving their problems. Primarily, this course is the study of how to direct resources in ways that are most efficient in achieving managerial goals. Traditional aspects of economics are included such as the model of supply and demand and the theory of the firm, including production, the basic models of competition, oligopoly and monopoly as well as topics on present value analysis and regression analysis. All prerequisite courses must be completed with a grade of “C” or better.