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Product Details

Managerial Economics (ECO-500)
Location:
Various: distance learning format

Length:
Varies (self-study; self-paced)

Dates:
December 2022 - Present.

Subject Area:
Business and Economics

Number of Credits:
3

Learner Outcomes:

Upon completion of this course, students will be able to: describe how managerial economics is applied; discuss why aggression analyze is used in decision-making; define optimization and utility and how they relate to consumer consumer behavior; assess the relationships between short-run and long-run costs and how they impact consumer pricing; define perfectly competitive markets and explain how they are impacted by substitution; and explain uniform pricing and how it relates to price discrimination and total revenue.

Instruction:

This graduate-level course is concerned with the application of economic principles to key management decisions within organizations and provides guidance to increase value creation and allows a better explanation of the external business environment in which organizations operate. The primary purpose of the course is to develop tools useful in other Anderson courses: economics is a key foundation for much of what is taught in finance, marketing, business strategy and virtually every other course in the MBA program. Managerial Economics is fundamentally a unique way of thinking about problems, issues, and decisions that managers face in each of the functional areas of their organization. This unique way of thinking stresses the importance of incentives as determinants of human behavior and performance and emphasizes the consideration of costs and benefits as an efficient method for reaching economic decisions.

Credit recommendation:

In the graduate degree category, 3 semester hours in Managerial Economics, Advanced Micro Economics, Economics or Business (6/22).


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