Managerial Economics

3 units

This course introduces the basic principles of economics and their applications to managerial decision-making. It is foundational to all the other courses taken in the MBA program. The concepts will reappear in marketing, operations, finance/accounting, strategy, and organizational behavior courses. This course covers topics that include supply and demand curves, competitive market equilibrium, consumer demand, elasticity, pricing, production, costs, game theory, profit maximization, competitive supply, oligopolies, taxes/subsidies, and asymmetric information. We will not cover macroeconomic or international economic topics in this course. Students may earn credit in only one of MEC 5400, MEC 6400, MEC 7220, or MEC 7700.