Economics of Managerial Decisions

Catalog description

Optimality conditions and techniques are analyzed within a framework of demand theory, production, possibilities, and cost and pricing analysis. Capital information, market structure, and planning models are also investigated. The emphasis is on the application of microeconomic theory to firm-level decision making concerning demand for specific products and their cost components-production, marketing and investment. Emphasis is placed on theory and on the practical application of quantitative techniques.