ECON 352 - Managerial Economics

Description:
Application of microeconomic theories to managerial decisions and planning, using case studies, business articles, podcasts, and quantitative problems.

Prerequisites:
Prerequisites: ECON 202 and either BUS 221 or MATH 211.

Credits: (5)

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

evaluate and analyze a firm’s pricing and production decisions in various economic market types using marginal analysis;
describe ethical concerns both for the consumer and the firm and discuss the role of government regulation in the corporate world;
describe and explain various behavioral biases and risk preferences, and analyze how these biases may affect managerial decision-making and impact the workplace; and
analyze the implications of modern-day workplace issues (e.g., hybrid work, unions, the rise of Big Data and AI, DEI concerns, etc.) on firm productivity, culture, and outcomes, using economic tools and insights from psychology.

Learner Outcomes Approval Date:
11/16/23

Anticipated Course Offering Terms and Locations: