|This course covers basic concepts and principles in Microeconomics. Using a variety of examples and applications, the course will introduce the concepts of consumer demand, firm supply and firm behavior in different types of markets. We will study topics such as optimal pricing policies, price discrimination, government regulation, auctions, and the economics of uncertainty. We also use modern tools (Game Theory) that facilitate the decision making process for managers.
The main goal of this course is to provide a good intuition in managerial economics which enables to find solutions to daily business problems.
|J. Barron, G. Lynch, and K. Blanchard, 2006, Economics: A Survey, 8th edition, ISBN number 978-0-7575-8138-0, Bent Tree Press.
More required readings include posted chapters from other textbooks and articles from newspapers.
|Based on problem sets, a mid-term, and a final exam.|
|Ability to understand basic calculus and algebra.
Description and/or course criteria last updated: 04/16/2013
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