This course develops and applies economic theory and methods to business and administrative decision-making. Prospective managers will learn a set of operating rules that aid in the efficient utilization of scarce human and capital resources. To that end, optimization techniques are employed to determine appropriate courses of action for decision-makers and case studies are examined to apply economic analyses to practical situations.
- Introduction to managerial economics
- Review of economic optimization using marginal analysis
- Demand analysis and estimation
- Production theory
- Technological change and industrial innovation
- Cost analysis and estimation
- Competitive markets
- Imperfect competition and game theory
- Government and business
- Managerial economics: Taking a global view
Methods of Instruction
Lectures and seminars which will be devoted to discussions of the major issues in monetary economics and the recent developments in the financial markets.
Means of Assessment
||30% - 40%
||40% - 70%
|| 0% - 20%
|| 0% - 10%
THERE WILL BE A MINIMUM OF THREE (3) EVALUATIONS.
At the end of the course, the student will be able to:
- utilize optimization techniques to determine appropriate courses of action for decision-makers in a managerial setting;
- apply demand theory to pricing problems and develop methods of analysis to estimate demand empirically;
- examine, within a theoretical and applied context, the process by which the costs of production are determined;
- develop a method of analysis which will enable the student to analyze the impact of market structure on the behaviour of firms;
ECON 1150 and ECON 1250 and MATH 1125
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester/year of the course, consider the previous version as the applicable version.
Below shows how this course and its credits transfer within the BC transfer system.
A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.
For more information on transfer visit the BC Transfer Guide and BCCAT websites.
If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.