DBA 7180 - Managerial Economics and Business Theory

Description

Provides a cross-functional framework for analyzing organizational problems, examines economic research, and applies research inferences to decision-making. Integrates the topics of strategy and organizational architecture to explore the theory of business and environmental management. Investigates corporate policy, finance, accounting, marketing, information systems, operations, compensation, and human resources, and focuses on the interrelationships and coordination needs to do business. Explores the theoretical roots of competing policy options and assesses implications of business decisions and various regulations as they affect the productivity and overall performance of the private sector.

Outcomes

1. Assess the impact of organizational design strategy on the success or failure of a business.
2. Argue how to attain market equilibrium through pricing strategy using the law of supply and demand.
3. Discriminate among various market structures including competitive markets, monopolistically competitive markets, and oligopolistically competitive markets.
4. Consider the relationship between decision rights assignment within the firm and productivity.
5. Explain the concepts of risk aversion and risk neutrality.
6. Discuss agency problems involving the separation of ownership and control of the corporation.
7. Formulate an economic theory of government regulation including deadweight losses, wealth transfers, and costs.
8. Critique ethical questions that arise in modern businesses including how they can affect the value of the firm.

PreRequisites

1. DBA 7000

Textbook(s)