Time Schedule:
Laura Ann Berlinghieri
B ECON 300
Seattle Campus
Analysis of economic factors affecting decisions made by business firms. Demand and cost analysis, and alternative policies from the firm's point of view. Prerequisite: ACCTG 225; ECON 201; either MATH 112, MATH 124, MATH 125, MATH 127, MATH 134, MATH 145, or Q SCI 291; either IND E 315, QMETH 201, Q SCI 381, PSYCH 315, PSYCH 318, STAT 220, STAT 311, or STAT 390; may not be repeated.
Class description
This course in Managerial Economics will provide you with: (1) the fundamental (and most useful) topics from microeconomics/price theory and (2) the ability to apply these concepts to business decisions.
Student learning goals
*How managers can benefit from knowledge of consumer demand, production decisions, costs, market structure and pricing techniques;
*how to formulate business problems and achieve a desired objective;
*how to evaluate and think analytically about economic issues encountered by individuals, firms and policymakers;
*how personal decisions and business decision fit into the overall economy.
General method of instruction
Lecture, discussion, some group work and a few class simulations.
Recommended preparation
In addition to introductory microeconomics (Econ 200), students should be comfortable with algebra and basic calculus.
Class assignments and grading
Four homework assignments, group project, midterm and final exam.
