Dates: 06/01 - 07/16
M	T	W	Th	F	Sa	Su
+ asynchronous coursework

Subject: Economics (Grad) (GBEC)

CRN: 30021

Online: Asynchronous | Lecture

Online

Requirements Met:
     Part-time MBA

  Kathryn Combs

This course focuses on the application of microeconomic tools and concepts to business decision-making. Every organization faces numerous decisions. Every decision-maker faces limits of money, resources, technology, and information. Optimal decisions must balance the marginal benefits of a decision with the decision’s marginal costs. The tool of constrained optimization is applied to cost minimization, output maximization, and profit maximization. Concepts covered include: optimal output volume; demand analysis and estimation; production and cost; market structure and strategic positioning; and optimal pricing strategies. Prerequisite: OPMT 600.

1.5 Credits