Managerial Economics

Description

Upon completion of this course the students will be able to: Explain and recognize key economic concepts, as they relate to managerial decision making Formulate and analyze management questions using economic models Use analytical tools to provide, understand and interpret quantitative answers to support managerial decision making Apply the theoretical insights about managerial decision making to a simulated market environment, using a business game Assess information and arguments, identify assumptions and tradeoffs, challenge the status quo (ERS Worldview) Apply strategic scenario thinking (Future orientation for ERS)