EMBA 523 - Managerial Economics

3 hours
Examines those economic principles of greatest relevance to managers – principles that can be used most effectively to manage businesses or organizations. Economic theory describes how individuals make choices from among scarce resources and respond to incentives. Reviews the traditional managerial economic problems of demand, costs, production and market structure but also focuses upon an examination of how economic principles can be utilized by managers to structure or design organizations (or subunits thereof) that motivate individuals to make choices that enhance firm productivity, profitability and value.