Economics of the Firm in Contemporary Society

Catalog description

In this course, microeconomic theory isapplied to the analysis of the business firm. Principals from economics and business aredeveloped and integrated, with emphasis onmanagement decision-making and policyformation. Economic tools important foroptimal decision-making and effectivecorporate/business management are studied. Key teaching points involve the explorationof the rationale for the economic tools andtheir roles in market power, demand forecasting, and risk management, among other critical management decisions.