Econ Musical Arts Organization

3.0 credits

This course introduces the fundamentals of economics at the graduate level for students without previous economics coursework. There is a focus on the basic principles behind managerial economics in musical arts organizations in North America, specifically incorporating methods of marginal analysis and optimization as applied to the musical art organization decision process. Managerial Economics is concerned with the application of economic principles and methodologies to key management decisions within organizations. It provides principles to foster the goals of the organization, as well as a better understanding of the external business environment in which an organization operates. Topics covered throughout this course inclusive of supply, demand, market equilibrium, cost of production, consumer behavior, pricing strategies, and revenue models will lead students to an understanding of economics as it relates to planning/development of musical arts organizations.