Managerial Economics (BMT 455)

Term: 2007-2008 Year 3B (Undergrad-

Faculty

Thompson A Storms IIIShow MyInfo popup for Thompson A Storms III

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Schedule

Thu, 6:00 PM - 10:00 PM (1/10/2008 - 2/14/2008) Location: MAIN BUR 100
Thu, 6:00 PM - 10:00 PM (1/10/2008 - 1/28/2008) Location: A162 BUR 104

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