ECO 370 - Managerial Economics

Credits: 3

Problems, cases, and applications of microeconomic theory to business problems. Revenue, demand, and elasticity; the production function, substitutability, and diminishing returns; cost of production, profit analysis, optimization; monopoly, oligopoly, monopolistic competition, and perfect competition; game theory, estimating demand, economic trend analysis and forecasting, pricing and profit strategy, and statistical quality control.

Prerequisites: ECO 222; and MTH 111, MTH 130 or ECO 361.