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ECON 30100

Managerial Economics
Managerial Economics

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About the Course
This course provides a practical and business-focused approach to microeconomic theory. It covers topics from consumer behavior and demand, decision under uncertainty, production and cost, factor demand, market structure, pricing strategies, and strategic behavior. Emphasis is placed on the tools used to analyze decisions made by managers at firms. This is a required course for several majors in the School of Management and for the business economics minor, but is not intended for economics majors.
Course Goals/Learning Objectives
Learning Objectives: 
  1. Learn how to identify goals and constraints, and use inductive and deductive reasoning to draw logical conclusions.
  2. Recognize the nature and importance of profits in directing resources to their highest value in use.
  3. Understand how incentives shape individual and institutional decisions.
  4. Understand the functioning of markets in managing individual and social allocation of scarce resources.
  5. Recognize the importance of time value of money in making sound managerial decisions.
  6. Learn the value of "thinking at the margin" when we seek to reach optimal outcomes.

ECON 30100

Course Catalog
ECON 30100 Managerial Economics

Description
Credit Hours: 3.00. This course provides a practical and business-focused approach to microeconomic theory. The course covers topics from consumer behavior and demand, decision under uncertainty, production and cost, factor demand, market structure, pricing strategies, and strategic behavior. Emphasis is placed on the tools used to analyze decisions made by managers at firms. This is a required course for several majors in the School of Management and for the business economics minor, but is not intended for economics majors. Typically offered Fall Spring Summer.
3.000 Credit hours
Levels: Undergraduate, Graduate, Professional
Schedule Types: Distance Learning, Lecture
Offered By: School of Management
Department: School of Mgmt Adm & Instr
Course Attributes
Upper Division
May be offered at any of the following campuses: Northwest- Westville Northwest- Hammond West Lafayette
Learning Objectives
1. Learn how to identify goals and constraints, and use inductive and deductive reasoning to draw logical conclusions. 2. Recognize the nature and importance of profits in directing resources to their highest value in use. 3. Understand how incentives shape individual and institutional decisions. 4. Understand the functioning of markets in managing individual and social allocation of scarce resources. 5. Recognize the importance of time value of money in making sound managerial decisions. 6. Learn the value of "thinking at the margin" when we seek to reach optimal outcomes.
Prerequisites
Undergraduate level ECON 25100 Minimum Grade of C- or Undergraduate level ECON E2010 Minimum Grade of C- or Undergraduate level ECON E1030 Minimum Grade of C-
Other Information
Restrictions: Must be enrolled in one of the following Programs: Management-BSIM Economics-BA Management-BS Accounting-BS Accounting-Cert
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