This course is designed to use economic analysis to enhance business decision-making within private businesses, not-for-profit institutions, and public agencies. Economic concepts covered include demand analysis, production and cost analysis, linear programming applications, pricing policies and regulation.
LO-1. Demonstrate the purpose of managerial economics.
LO-2. Analyze decision-making strategies using the six-step model.
LO-3. Compute a firm’s profit-maximizing level of output using marginal analysis.
LO-4. Construct a decision-making process taking into account every step of the 6-step model.
LO-5. Appraise the effectiveness of situations of price discrimination.
LO-6. Analyze the determinants of price discrimination.
LO-7. Differentiate between short-run and long-run profit-maximization strategies.
LO-8. Examine the influence of marginal input costs on production decisions.
LO-9. Examine the difference between economies of scale and economies of scope.
LO-10. Apply optimization concepts to cost minimization and optimal decision making.
LO-11. Differentiate between the factors that create movements along demand and supply curves, and those that shift these curves.
LO-12. Analyze complex business decisions using marginal analysis.
LO-13. Assess competitive and monopolistic outcomes.
LO-14. Synthesize the pricing strategies of the four dominant market structures.
LO-15. Assess a specific industry in terms of its market structure and its pricing behavior.
LO-16. Evaluate the demand and pricing of information goods.
The required materials for this course will be changing for future sessions. All materials will be available online, located inside the Lessons section of your classroom. Please email email@example.com for confirmation of the start month.
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