Term:Summer
Course Code:
Campus:Main Campus
Academic Organization:Economics
Prerequisites:Calculus, Principles of Economics
Credit:2(32 teaching hours)
Course Components:Lectures Required
Course Note:Elective for economics, finance and management student
Course Description:
This course provides students with an opportunity to apply microeconomic principles to managerial decision-making. These principles include those underlying the theories of consumer choice, production, and cost as they relate to decision made by firms. Specific topics include consumer demand; elasticity; cost structure; profit maximization; and the effect of market structure on pricing, output, and profit.