Academic Term and Year
This course examines supply and demand and the effect of elasticity on price, income and total revenue. With this foundation, marginal analysis and opportunity cost concepts will be introduced. The course will then examine how economic principles are impacted by different market structures (perfect competition, monopoly, monopolistic competition and oligopoly). The course will conclude with analysis on how economics impacts strategy and business decision-making.
Reardon, John, "MBA8240-S93.Managerial Economics.Sp14.Reardon,John" (2014). Syllabi. 427.