ECON 380 - Managerial Economics and Business Strategy

Units: 3
The actions and reactions of business firms and consumers in a variety of market environments, emphasizing their strategies for optimization.

Prerequisites: ECON 200, MATH 110 or MATH 130 or MATH 180, and STAT 100 or STAT 110.
Possible Instructional Methods: On-ground, or Hybrid, or Online-Asynchronous.
Grading: A-F grading only.
Course Typically Offered: Fall & Spring

Student Learning Outcomes - Upon successful completion of this course students will be able to:

Apply economic principles to management decisions;
Distinguish relevant from irrelevant costs for economic decision-making;
Understand the basic forces governing the operation of competitive markets;
Explain what input use and production decisions maximize profits;
Articulate the conditions that give rise to pricing power;
Determine how a firm with pricing power can maximize profits;
Determine if and how a firm can engage in price discrimination.