Lectures and seminars which will be devoted to discussions of the major issues in monetary economics and the recent developments in the financial markets.
- Introduction to managerial economics
- Review of economic optimization using marginal analysis
- Demand analysis and estimation
- Production theory
- Technological change and industrial innovation
- Cost analysis and estimation
- Competitive markets
- Monopoly
- Imperfect competition and game theory
- Government and business
- Managerial economics: Taking a global view
At the end of the course, the student will be able to:
- utilize optimization techniques to determine appropriate courses of action for decision-makers in a managerial setting;
- apply demand theory to pricing problems and develop methods of analysis to estimate demand empirically;
- examine, within a theoretical and applied context, the process by which the costs of production are determined;
- develop a method of analysis which will enable the student to analyze the impact of market structure on the behaviour of firms;
| Final Examination | 30% - 40% |
| Term Tests | 40% - 70% |
| Assignments | 0% - 20% |
| Participation | 0% - 10% |
| Total | 100% |
THERE WILL BE A MINIMUM OF THREE (3) EVALUATIONS.
Textbooks and Materials to be Purchased by Students
Will be chosen by the instructor from one of the following:
Hirschey, M. and J.L. Pappas. Managerial Economics, Latest Ed. The Dryden Press.
Mansfield, E. Managerial Economics, Theory, Applications, and Cases, Latest Ed. W.W. Norton & Company.
Nicholson, W. Intermediate Microeconomics and its Application, Latest Ed. The Dryden Press.
Samuelson, W.F. and S.G. Marks. Managerial Economics, Latest Ed. The Dryden Press.
Truett, L.J. and D.B. Truett. Managerial Economics, Latest Ed. South-Western Publishing Co.