Managerial Economics

3 credits

ECONOM 3251

Economics
College of Arts and Science, College of Business

Theory of rational behavior in consumption, production, and pricing decisions of households and firms. Topics include the economics of the firm in the context of partial equilibria in product and factor markets under competition, monopoly, oligopoly and monopolistic competition as well as game theory. No credit for students who have completed ECONOM 4351. Prerequisites: MATH 1400 or MATH 1500 or equivalent and (ECONOM 1000 or ECONOM 1014 or ABM 1041).