Managerial Economics (BMT 455)

Term: 2003-2004 Year 3B (Undergrad-

Faculty

Dale Calvin KogerShow MyInfo popup for Dale Calvin Koger

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Description

This course is the application of microeconomic theory to management problems. In microeconomic theory, profit maximization is simply assumed as a condition of firm behavior. In managerial economics, profit maximization is studied as a management behavioral objective ? and as a goal which may or may not be achieved, despite the attempts of managers. Students will be able to differentiate between a variety of factors that affect a business concern. They will develop informed solutions by analyzing all of the economic factors that affect the production environment.
Prerequisite: ECN251 or ECN252