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<<< click here to get back to the MASTER OF BUSINESS ADMINISTRATION (M.B.A.)
MGT 305 Managerial Economics (3 Credits)
This course examines market behavior and focuses on the actions and reactions of business firms and consumers in a variety of market environments. The impact of different market structures (including perfect competition, monopoly and oligopoly) on production and consumption is analyzed. This course considers how the actions of business firms, consumers, and the government<197>operating within a price system in a decentralized market economy<197>answer such basic resource allocation questions as what will be produced, how it will be produced, who will consume what is produced, and what resources to divert from present consumption to increase future consumption. The impact of various types of market structures (such as perfect competition, monopoly, and oligopoly) on economic efficiency will be discussed.
The following are acceptable topics for this course:
Specific topics to be covered include:
- Bargaining and Bidding
- Supply and Demand
- Buyer's Choice
- Demand Functions
- Demand Estimation
- Production
- Costs
- Supply
- Competitive Markets
- Monopoly and Pricing
- Oligopoly
- Game Theory
Recommended Text(s)
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