ECON 352 - Managerial Economics

Description:
Application of microeconomic theories to managerial decisions and planning utilizing the case method.

Prerequisites:
Prerequisites: ECON 202 and BUS 221.

Credits: (5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

Use marginal analysis to critically analyze problems; and demonstrate the efficiency of this analytical tool by building scenarios in which this method of analysis can be used to develop optimum managerial decisions.
Demonstrate a probability theory. The student must be able to analyze statistical data, and interpret regression results.
demonstrate an ability to use calculus to interpret economic models and equations; and hence analyze complex empirical equations.
Explain and interpret using economic theories, economic scenarios which generate alternative solutions. They will be asked to compare and contrast the different equilibrium solutions and decide on the optimum solution.

Learner Outcomes Approval Date:
3/05/15