Managerial Economics (BMT 455)

Term: 2008-2009 Year 2B (Undergrad-

Faculty

Charles N LockwoodShow MyInfo popup for Charles N Lockwood

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Schedule

Mon, 6:00 PM - 10:00 PM (10/20/2008 - 12/1/2008) Location: A169 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