Metropolitan State University

ECON 496 : Managerial Economics

A. Course Description
Credits: 4
Prerequisites: ECON 202 Microeconomics AND
STAT 201 Statistics I  
Lab Hours/ Weeks: Corequisites: None
Lecture Hours/ Week :  
MnTC Goals: None
 
This course focuses on the application of economic analysis to enterprise decision making. The basic topics include analyses of demand, costs, capitalization and strategy. The purpose is to apply economics to achieve long-run profit maximization. Students apply principles of modern strategy to real case studies.
B. Course Effective Dates: 08/29/2005 - Present
C. Outline of Major Content Areas:
See Course Description for major content areas.
D. Learning Outcomes (General)
  1. Apply the tools of economic analysis to enterprise decision-making.
  2. Analyze demand, costs, capitalization, and strategy to achieve long-run profit maximization.
  3. Apply principles of modern strategy to real case studies.
  4. Design pricing strategies to maximize market power.
  5. Evaluate managerial decisions in an economic context.
  6. Solve repeated and non-repeated games.
E. Learning Outcomes (MN Transfer Curriculum)
This contains no goal areas.
G. Special Information
None