Managerial Economics (BMT 455)

Term: 2008-2009 Year 2A (Grad- Accel)

Faculty

James Cecil BennettShow MyInfo popup for James Cecil Bennett

Email address is hidden, click here to email

Schedule

Mon, 6:00 PM - 10:00 PM (9/8/2008 - 10/20/2008) Location: C292 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