EC 520: Managerial Economics

Credits 3.0

The course is designed to provide a foundation of economic concepts and principles that promote understanding and application in decision-making. The course uses both qualitative and quantitative techniques in the application of theory to practical situations. The course analyzes demand, supply and market outcomes of products; application of optimization and forecasting techniques to managerial problems; application of production and estimation techniques to determine optimal course of action. A problem-solving approach will be used to achieve these objectives.