ECON-325   Managerial Economics/Intermed Micro

An intermediate-level study of microeconomic theory emphasizing applications to managerial decision-making in such areas as market and risk analysis, demand forecasting, production and cost analysis, product pricing, profit planning, and capital budgeting. Goals of firms and the use of economic theory in achieving them are examined and evaluated. Calculus concepts used in the course will be taught as part of the course. Prerequisites: Economics 221, Information Systems 171, Mathematics 143, 243, or 343.