AEM 5600

Managerial Economics

Course Description

Course information provided by the 2020-2021 Catalog.

This course covers topics in microeconomics that inform managerial decisions, including intermediate principles of microeconomics. Examples will be drawn from recent business cases.

Prerequisites/Corequisites Prerequisite: ECON 1110, ECON 1120, MATH 1110 or equivalents.

Forbidden Overlaps Forbidden Overlap: due to an overlap in content, students will receive credit for only one course in the following group: AEM 2600, AEM 5600, ECON 3030, PAM 2000.

Permission Note Enrollment limited to: MPS students in Applied Economics and Management.

Outcomes

• Know and be able to use economic models of production and consumption to make predictions about behavior.
• Apply economic models to business cases for the purpose of evaluating decisions.
• Use economic models of risky choice and time discounting to evaluate decisions.
• Use economic models of monopolistic competition to make predictions about behavior.
• Use basic concepts of game theory in simple games to make behavioral predictions.

When Offered Fall.

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