ECOM 5050 - Managerial Economics

Credits: 3

Description: This course applies the fundamental tools of price theory–consumer and firm behavior, demand and supply, the allocation of resources, competition and monopoly-to managerial decision making. This course analyzes external interactions of the firm with its customers, competitors, markets, and the government. This course also analyzes the various issues the firm faces when interacting with its various stakeholders. This includes issues related to organizational structure and contract design, especially as these issues relate to opportunism, rent-seeking, and asymmetric information, are discussed.