LFU:online

Prerequisite: ECON 1203. Particular concepts and corresponding analysis underlie managerial decisions and shape business strategies. This course deals with concepts rooted in economics and used in practical decisions made by business executives. In this way, the language and reasoning of executive decision making are developed. Emphasis is placed on language, concepts, and analysis embedded in current methods and techniques of executive and managerial decision making.

This is a microeconomic course focusing on business decision making. This is the standard material that is taught in any MBA program. There will be a review of basic economic principles from an ECON 101 course but the focus will be on applications: The make versus buy decision, deciding whether to use more equipment/technology or more labor, how to price your product, strategic decision-making and how to operate in a global environment.