In this course, students study the price system, market structure, and consumer theory as they apply to managers in a variety of decision-making environments. This course covers the use of mathematical and economic decision-making tools for determining optimal levels of output, resource usage, and capacity planning.
- Analyze price and output determination in imperfect, monopoly, and perfectly competitive markets.
- Assess the usefulness of profit maximization in the decision-making process.
- Analyze factors influencing supply and demand in different markets.
- Evaluate the usefulness of elasticity to the managerial decision-making process.
- Assess the effects of government intervention into the economy on the managerial decision-making process.
- Evaluate managerial decision-making tools using different ethical theories.
Recommended: Prior completion of
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School of Business and Management
“Our business and management programs equip students with the knowledge and tools needed to lead their organizations and stay competitive in the job marketplace.”School of Business and Management