MBA 6053 - Economics for Managers

Description

Applies economic theory to managerial decision-making and business problem solving. Topics include demand analysis and estimation, analysis of cost and production, profit maximization under different market structures, optimal pricing, decision-making under uncertainty, and issues in international trade. This course provides an overview into the MBA program including expectations, APA guidelines, scholarly research, library, and CSU support.

Outcomes

  1. Evaluate the ethical outcomes of free market outcomes using supply and demand models.
  2. Apply the different types of elasticity concepts to business scenarios.
  3. Analyze how price and output influence profit maximization under different market structures.
  4. Evaluate strategic pricing decisions.
  5. Apply game theory to pricing and to output decisions in an oligopoly market.
  6. Analyze the basis of trade.
  7. Explain the implications of uncertainty in managerial decision-making.

PreRequisites

None

Textbook(s)

Managerial economics (Rev: 5th ed.)

Publisher: Cengage Learning (2018)

Author: Froeb, L. M., McCann, B. T., Shor, M., & Ward, M. R.

ISBN: 9781337106665

Price: $282.70

* Disclaimer: Textbooks listed are based on the last open revision of the course. Prior revisions and future revisions may use different textbooks. To verify textbook information, view the course syllabus or contact the CSU Bookstore at bookstore@columbiasouthern.edu