Description
This course consists of two parts: managerial economics and macroeconomics. Managerial economics is taught by Prof. Maksym Obrizan: “We will start by reviewing the scope of managerial economics and some basic concepts, consider demand analysis, study how to estimate and, most importantly, forecast demand, study how different market structures affect optimal decisions of firms.: The macroeconomics part of the course is taught by Prof. Olesia Verchenko: the purpose of this part is to help students understand how economies function in both national and international contexts.
At the end of the course, students should be able to: discuss the basic principles of optimal managerial decision-making, be able to perform break-even analysis, apply game theory to business situations, understand the nature of major macroeconomic indicators, and apply knowledge of macroeconomics to day-to-day business decision making.
