Managerial Economics (BMT 455)

Term: 2009-2010 Year 4B (Undergrad- Accel)

Faculty

Linda Marie HerzogShow MyInfo popup for Linda Marie Herzog

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Schedule

Tue, 6:00 PM - 10:00 PM (5/11/2010 - 6/22/2010) Location: A212 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