Assigned readings will come from two different managerial economics textbooks: brickley, smith, and zimmerman, managerial economics and organizational architecture (4 th edition), mcgraw-hill irwin, 2006, (available for around $15 at. The course presents the economic approach to managerial decision-making known as marginal or incremental analysis topics include demand, cost and market structure analysis, the economics of.
To successfully complete this course, students must achieve a passing of 50% or higher on the overall course, and 50% or higher on the final mandatory exam assignment 1: fundamentals of managerial economics. Managerial economics is based on the principles of microeconomics, which essentially deals with the understanding of consumer behavior, decision making in firms and market structure. Your research should follow the outline of an industry study discussed in chapter 10 of economics of strategy by besanko, dranove, shanley, and schaefer in other words, you should do a five-forces analysis of your industry.
Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade it emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing us and international business environments. This course may appeal to those students wishing to transfer to a commerce or business administration degree program or those who wish to learn about this managerial application of microeconomic principles. • state six key ideas in managerial economics which you will use many times in this course • explain how demand and supply describe the intentions of consumers and firms • use demand and supply analysis to work out equilibrium price and quantity in a market. Businessunsweduau cricos code 00098g econ3121 / econ5321 managerial economics course outline semester 1, 2016 part a: course-specific information. Managerial economics is the application of economic theory and methodology to managerial decision making the learning and exercises carried out in this course will assist students to make better deci.
Course description: managerial economics is the application of economic theory and methodology to managerial decision making problems within various organizational settings such as a firm or a government agency. Explore the current course outline for econ3121 managerial economics for information on how each course was structured, assessment details, resources, key policies and support. Bma5001 (managerial economics) course outline prof jo seung-gyu nus business school semester i, 2015-2016. This course in managerial economics will use the above-mentioned methodology to focus on decision-making in business situations managers regularly address issues ranging from pricing, cost determination, compensation, entry into and exit from markets, and output decisions. Course bapa 550 (814): foundations of managerial economics course outline 3 schedule class# class topics activities / readings class 1 june 16.
Managerial economics university of guyana faculty of social sciences department of economics ecn 213 - managerial economics course outline summer - 2010 lecturer: roger rogers e-mail: [email protected] introduction managerial economics provides a foundation of economic understanding for use in managerial decision-making. Managerial economics is concerned with the application of economic principles and methodolo-gies to business decision problems in this course students will increase their understanding of economics and learn a variety of techniques that will allow them to solve business problems relat-ing to costs, prices, revenues, profits, and competitive. Managerial economics looks at the economics of decisions facing and impinging upon managers, the central decision makers in firms this includes a discussion of the nature of the firm and looking at relationships between managers and owners and between managers and other employees.
Managerial economics as the bba core course is about exposing the students to a rigorous foundation in microeconomics, game theory and industrial organization it aims to develop students. A cornerstone of economics and especially managerial economics is marginal analysis marginal analysis (discussed in chapter 1 of your textbook) is used to analyze optimization problems, like profit maximization. Econ6014 managerial economics semester 1, 2017 welcome to econ2014/6014 managerial economics one of the most practical and applied courses at rse.
Course outline term-i (20 june-11 sep, 2011) managerial economics prof biresh k sahoo rural financial institutions and markets (15 credit) prof b p mishra. 2 program the course is limited to 15 hours this presents a challenge since it typically takes an entire semester to cover all of the topics in a typical managerial economics. Faculty of business and economics - hku code course title semester lecturer outline econ2280cde: introductory econometrics.