ECON - 550. Managerial Economics

3 credit(s)
Managerial Economics applies economic theory to decision making under uncertainty and analyzes issues faced by managers of an organization. This course provides a structural framework for analyzing the internal goals and operations of an organization and the external environment in which the organization operates. Applying economic theory to organizational decisions can increase the rationality and predictability of a changing global competitive landscape. The course focuses on how decisions affect issues associated with economic and social justice, and sustainability. Topics include economic problem solving and decision making, consumer behavior, producer behavior, cost structures, strategic behavior and uncertainty, and organizational structure.