A study of the fundamental principles of microeconomics most relevant to managers. Students apply economics principles to identify and solve managerial problems. Topics include supply and demand, production and cost, pricing, market equilibrium, firm competition, market structures, as well as incentives and organizational architecture.
After completing this course, you will be able to:
- Apply economics principles to recognize processes by which wealth is created in markets and organizations (Bloom’s taxonomy level 3).
- Discover motives or causes of benefits, costs and decisions in the formation of incentive problems in business organizations (Bloom’s taxonomy level 4).
- Use economic concepts, theories, and measures of supply and demand to analyze market and competition conditions (Bloom’s taxonomy level 3).
- Organize facts, data, and ideas in a goal-oriented manner aimed at making strategic decisions for a business audience (Bloom’s taxonomy level 3).
Course Materials & Tuition
|Froeb, L. M., McCann, B. T., Ward, M. R., & Shor, M. Managerial Economics (4th edition.). South-Western College. (2015). 352 pages. ISBN #978-1305259331||$23.49 (hardcover)|
|Total Cost of Course||$823.49|