Every manager needs to understand how markets function. This course applies economic principles to the types of decisions that managers will encounter. That may include understanding how markets function, using different techniques to make optimal pricing decisions, and exploring what shapes supply and demand under different conditions. We will also look at other traditional micro-economic concepts such as price elasticity of demand and income elasticity of demand, production and cost functions and profit maximization.

10:00am-11:50am on Tuesday (Jan 30, 2017 to May 19, 2017)
McGowan MG102