ECNM 469 Managerial Economics (4)

This course analyzes the economics of the enterprise (its production, revenues, costs, and profits in relation to the business environment); examines industrial organization in terms of market structure, conduct, and performance as it relates to competition and anti-competitive practices; and considers the similarities and differences of resource allocation in the private versus the public sectors.

Student Learning Outcomes

Understanding the fundamental theories of economics: the factors of production, resource allocation, trade-offs, marginality, incentives, production possibilities, and the standard of living.
Understanding how the economy coordinates interdependent producers and consumers of goods and services.
Understanding the fundamentals of price theory.
Understanding the costs of production.
Understanding competitive markets, monopolistic competition and monopoly.