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ECON 417. Managerial Economics

Credits: 3
Department: Economics
Description: Economic analysis of decision-making. Demand, cost, capital, and profit analysis.
Prerequisites: ECON 205, ECON 206, and IS 242 or STAT 219 or higher.
Semester Offered:
  • Fall
  • Spring
Grading Method: ABCDF

Student Learning Outcomes

1. Identify the objectives of an organization operating in the private, public, or not-for-profit sector of the economy and define the problem faced by the manager in reaching the organizational objectives.
2. Integrate the theories of demand, production, and cost with the level of market competition and information asymmetry.
3. Isolate and implement alternative strategies and constraints using marginal analysis and net present value.
4. Use software programs and data to estimate demand functions and elasticities, interpret results, and use them to analyze changes in variables.
5. Estimate the impact of alternative business strategies using regression analysis and forecasting techniques.

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