MBA604 Managerial Economics (3 cr.)
This course focuses on the application of economic theory to examine how an organization can efficiently achieve its aims or objectives. The tools and applications used by organizations to make decisions and assess their outcomes in a global context are covered. Topics include advanced supply and demand analysis and estimation, production and cost analysis, market structure and price analysis, regulation and risk analysis, and global pricing practices.
Upon completion of the course, students are expected to be able to do the following:
- Forecast market trends in prices and industry profitability in a global context.
- Assess the competitiveness of a firm within an industry from a production and cost perspective in a global environment.
- Analyze market demand from a competitive and profitability perspective in a global environment.
- Analyze the impact of global forces on market structure and firm behavior.
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