BMT 455 01 258 - Applied Economics For Business-S

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Course Information

Managerial Economics (BMT 455)

Term: 2012-2013 Academic Year Spring

Schedule

Mon, 6:00 PM - 10:00 PM (3/11/2013 - 4/29/2013) Location: A258 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