Feb 29, 2024  
2016-2017 Academic Catalogue 
    
2016-2017 Academic Catalogue [ARCHIVED CATALOG]

EC 421 - Quantitative Applications in Econ & Business


Lecture Hours: 3
Lab Hours: 0
Credit Hours: 3

Quantitative decision models are an aid to decision makers in economics and in the functional business domains of finance, operations, and marketing. Several quantitative modeling techniques are introduced in this course, including linear programming, nonlinear optimization, decision trees, simulation, and queuing models. Solution techniques using spreadsheets and add-in software are emphasized. Applications to economics include determining optimal pricing and production strategies under uncertainty. Prerequisite(s): BU 339  and BU 310  with a grade of C or better, or permission of instructor.