Managerial Economics BUS 651 (4)

The application of modern microeconomic theory to problems of managerial decision-making. The importance of both economic models and quantitative applications are explained. Topics include demand, cost and productivity analysis; the analysis of market structure and firm strategy, international competition and trade; organizational economics; and the analysis of risk, uncertainty and information. Students with credit for BUS 552 or BUS 703 or BUS 751 may not take this course for further credit.