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: