EC404 - Managerial Economics

This course covers the concepts, tools, and methods of economic analysis relevant to a broad cross-section of decisions within the business firm. Attention is given to the analysis of market demands and the determination of costs relevant to various managerial decisions. Interrelationships between price policy, costs, promotion outlays, operating rates and production schedules, capital budgets, and financing in the short and long run are stressed. The course uses Excel and the Solver package to find the optimum solution to these business-related problems.
Prerequisite(s): MG315. All prerequisites must be passed with a C or better.
Lecture Hours: 3 Lab Hours: 0 Credits: 3
History: EC304