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Nov 25, 2024
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EC 515 - Managerial EconomicsCredits: 3
Examination of theoretical and analytical tools of economics used by business managers. Economic analysis of prices and market institutions and how they coordinate the actions of diverse individuals in society in the use of resources in production and the exchange of goods and services for consumption. Emphasis on consumer choice and firm choice, cost analysis, pricing and output decisions under various competitive scenarios, as well as non-price competition. Attention is paid to economic theory, theory application, and empirical analysis.
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