MBA 552 - Managerial Economics

Lecture Hour(s): 3
Lab Hour(s): 0
Credit Hour(s): 3

This course explores the application of both macroeconomic and microeconomic analyses in the formulation and solving of management problems and the determination of business policy. Topics include economic optimization, demand analysis, demand estimation and forecasting, production and cost analysis, marginality, the effects of different market structures on organizations’ decision-making processes, and ways in which various macroeconomic forces (e.g., business cycles, inflation, unemployment, monetary and fiscal policies, changes in interest rates and exchange rates) impact managerial decision making and firms’ behavior.