ECON 525 - Managerial Economic Analysis

Credit(s): 3
Lecture: 3
Non-Lecture: 0

Managerial economics introduces the basic principles of economic analysis as applied to managerial decisions to determine how an organization can achieve its aims most efficiently. This course applies statistical and quantitative tools and the methodological approaches commonly used by economists to business problems as demand estimation, product pricing, profit maximizing level of output, cost minimizing level of input use, and forecasting.

Prerequisite(s): ECON 110 and ECON 112 and graduate level status.