MBAA 602 - Managerial Economics

Credit(s): 3
Prerequisite(s): MBAA 505 or equivalent and MBAA 507 or equivalent. It is suggested that this course be taken right after completion of MBAA 505 and MBAA 507.
Application of economic analysis to managerial problems of the business enterprise. Includes approaches to management decision-making, demand conditions and the construction of demand models, theories and practices in forecasting, production functions and measurements, the determination of relevant costs for decisions, marginal analysis, market structures and pricing strategy, and capital budgeting problems. The role of government in the market economy, regulation and anti-trust will be extensively analyzed.