BUS 625 - Managerial Economics in an Innovative Environment

3 Credit(s)

Managerial economic concepts and methods are used for developing business strategies and making business decisions. Students examine how to increase profit while valuing the objectives of multiple stakeholders. Students apply economic theory and use economic tools to make decisions that enhance business sustainability. Students are encouraged to use creative ideas for problem-solving. Students learn how to utilize concepts such as marginal analysis, demand estimation, forecasting, barriers to entry, pricing strategies, risk analysis, and dynamic versus allocative efficiency to make managerial decisions.
Prerequisite(s): BUS 518 or equivalent, BUS 538 or equivalent.