EC 412 - Managerial Economics

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

The application of economic theory to the decision-making process within a firm and to a wide range of related problems. A pragmatic approach to decision making, using basic economic analyses such as optimizing techniques, cost analysis, capital budgeting, demand estimation, pricing strategies, risk analysis, and production theory. Prerequisite(s): EC 201, EC 202, and EC 203, all with grade of C or better.