Description
2Prerequisites: MBA 501W: Strategic Leadership and Management;
MBA 502W: Applied Quantitative Methods for Business. This course
introduces the fundamental concepts of economic principles behind
supply and demand, opportunity costs and market price and applies
them to decisions made by businesses. The course focuses on three
key topics. They include production and cost theory, market structure
and pricing, and game theory and conducts microeconomic analysis,
which deals with models of economic behavior of the consumer and
the firm, and provides a basic understanding of firm and industry
behavior that serves as a basis for business decision making.