BMT 455 01 166 - Applied Economics For Business

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Course Information

Managerial Economics (BMT 455)

Term: 2007-2008 Year 4B (Undergrad-

Schedule

Mon, 6:00 PM - 10:00 PM (6/30/2008 - 8/11/2008) Location: A166 TBA TBA

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