ECONOMICS 415  MANAGERIAL ECONOMICS

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Prerequisite:  ECON 215 Principles of Microeconomics

Course Description:   Managerial Economics brings together microeconomic principles, quantitative solution techniques, and decision-making approaches in conditions of certainty and risk.  Analysis of the firm will include demand theory, production and cost, market structure, pricing for profit maximization, forecasting, and making decisions when risk is present.  Quantitative tools that will be used in the course include calculus and regression analysis.    It is important that students understand how the various parts of the course fit together for effective decision-making at the level of the firm and industry.