Managerial Economics

Description

If you check top-MBA programs in the world, you’ll see that all of them have Managerial Economics in one form or another. It may be called Markets, or Consumer Behavior, or Prices, etc., but it’s all is an essential part of the MBA program.

What we will cover in this course is: how consumers make their decisions, how markets work, how firms decide on the cost of the production, and also, the most recent developments — which include game theory and strategic interdependence, which are relevant if you talk about modern oligopolistic markets. I think this knowledge is essential for all students because it makes them better understand the underline forces behind any economic decision.