Students focus on the application of economic models and rationale choice to business decision making. Topics include an overview of managerial economics; demand and supply; costs of production and the organization of the firm; market structure and pricing and output decisions; game theory and pricing strategies; and the economics of information and the role of government in the marketplace. Prerequisites: There are no prerequisites for the course, but ECON 1901, ECON 1951, MATH 1171 are recommended. Note: Students cannot get credit for more than one of BUEC 2040, BUEC 2041, ECON 3040, ECON 3041.
Students focus on the application of economic models and rationale choice to business decision making. Topics include an overview of managerial economics; demand and supply; costs of production and the organization of the firm; market structure and pricing and output decisions; game theory and pricing strategies; and the economics of information and the role of government in the marketplace. Prerequisites: There are no prerequisites for the course, but ECON 1901, ECON 1951, MATH 1171 are recommended. Note: Students cannot get credit for more than one of BUEC 2040, BUEC 2041, ECON 3040, ECON 3041.
