MGMT 5245 - Managerial Economics

Fall. 1.5 credits. Letter grades only (no audit).

S. Kalantzi.

The course introduces the basic tools for optimal pricing decisions by firms and the key issues of modern industries. It covers the pricing behavior of firms operating under perfect competition, monopoly, monopolistic competition, and oligopoly, and examines the challenges faced at the industry level as well as at the individual firm level. The goal is to understand the way firms set their production plans while operating in a global economic environment challenged by complicated phenomena.