The objective of this course is to give understanding of the basic concepts and issues in managerial economics and their application in business decisions.The course looks at the economics of decisions facing and impinging upon managers, the central decision makers in firms. Consideration will be given to the nature of decision-making in different market structures and how a manager is constrained by the market structure in which their firm operates. We will discuss pricing strategies in different contexts and also look at some economics of information as it relates to managerial decision making.
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