ECON-3154: Managerial Economics
Description: Applications of economic concepts and models to practical issues. Demand analysis, the law of demand, and different approaches to analyzing consumer behavior (elasticity, consumer surplus, and utility theory). Supply analysis, producer behavior, and theories of firms (diminishing returns, price takers and price searchers). Pricing strategies including segmentation, two-part tariffs, collusion, and predatory pricing. Market imperfections and extensions including signaling, adverse selection, network externalities, and the economics of time. Empirical analysis: formulating economic questions, finding and analyzing relevant data, and presenting findings to non-specialists.
Pathways: N/A
Course Hours: 3 credits
Corequisites: N/A
Crosslist: N/A
Repeatability: N/A
Sections Taught: 4
Average GPA: 3.10 (B+)
Strict A Rate (No A-) : 7.68%
Average Withdrawal Rate: 1.88%
| Kwok P Tsang | 2024 | 21.9% | 66.6% | 6.8% | 0.9% | 1.9% | 1.9% | 3.10 | 4 |