Managerial Economics
General
Prefix
ECON
Course Number
417
Course Level
Undergraduate
Department/Unit(s)
College/School
Herberger Business School
Description
Economic analysis of decision-making. Demand, cost, capital, and profit analysis.
Prerequisites
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
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.
Outcome
Integrate the theories of demand, production, and cost with the level of market competition and information asymmetry.
Outcome
Isolate and implement alternative strategies and constraints using marginal analysis and net present value.
Outcome
Use software programs and data to estimate demand functions and elasticities, interpret results, and use them to analyze changes in variables.
Outcome
Estimate the impact of alternative business strategies using regression analysis and forecasting techniques.
Dependencies
Programs
ECON417
is a
completion requirement
for: