MBA 501 - Managerial Economics and Business Strategy

3 Credit(s)

This course focuses on the development of strategies of how to direct scarce resources in the way that most efficiently achieves a managerial goal. Emphasis is placed on the applications of microeconomic principles to the analysis of production, marketing, and financial issues and the development of operating strategies. The coverage includes quantitative demand analysis; theory of individual behavior; production process and costs; managing in competitive monopolistic, oligopolistic, and monopolistically competitive markets; and pricing strategy for firms with market power.
Prerequisite(s): Micro-Economics, Statistics, and graduate standing.