Managerial Economics for Decision Making

Course Title: Managerial Economics for Decision Making

Department: School of Business  

Course Number: ECO 610

Semester, Year, and Class Meetings Dates and Hours: Spring 2019, Wednesday 5:45 -8:25

Professor: Sang Won Yoon

Phone & E-Mail: (240) 461-9530 & swyoon01@gmail.com

Office Hours: After class

Course Description: The objective of the course is to provide an understanding of how fundamental economic theory can be applied to decision making within the firm. The main topics covered will be the analysis of market demand, optimal use of resources, and pricing decisions. An introductory course in microeconomics is a prerequisite. You should be comfortable with employing basic algebra and elementary calculus.

Course Text: Michael R. Baye and Jeffrey T. Prince, Managerial Economics and Business Strategy, 9th Edition

Course Credits 

3 Credits.  

By Federal mandate, students are entitled to understand how they earn these course credit hours.  A credit hour is an amount of work represented in intended learning outcomes and verified by evidence of student achievement that is an institutionally established equivalency that reasonably approximates not less than the following:

Standard (semester or trimester) classes:  1 credit hour = One hour of classroom or direct faculty instruction and a minimum of two hours of out of class student work each week for approximately fifteen weeks.