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.
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.
