MBA 5343 - Managerial Economics

3 Hours. The application of economic theory to business decision making with an emphasis on resource cost and productivity analysis for product definition and capital investment, output cost and revenue analysis for profit maximization, and macroeconomic analysis for market placement and positioning. Prerequisite: approved undergraduate principles of economics or MBA 5023 (should be taken in sequence by semester with all lower numbered MBA courses, such as all those listed above, taken concurrently or previously)