COMM 295 - Managerial Economics
Managerial Economics covers the economic foundations of managerial decision-making. Topics include the supply-demand model, empirical analysis of demand, consumer choice, production and costs, the organization of the firm, market structure, pricing, game theory, uncertainty, information, the agency problem, and market failure.
By the end of the course, students should be able to apply economic models and economic analysis to a wide range of business problems, especially production decisions, pricing decisions and competitive strategy decisions. In carrying out economic analysis students should be comfortable using diagrams, a variety of mathematical techniques, and spreadsheets.
Prerequisite: Either (a) ECON 100 or (b) all of ECON 101, ECON 102.
Note: Credit may be obtained for only one of ECON 201, ECON 206, ECON 301, ECON 304, FRE 295, COMM 295.