The course develops an understanding of how a market-based economic system reconciles the separate needs of consumers and producers, and provides an economic framework for managerial decisions. Additionally, the course provides tools of analysis and concepts that are used in the MBA program’s functional fields. Centering on the basic concept of the business firm, it integrates the analysis of market demand with that of production and costs in the context of a variety of domestic and global market structures including perfect competition, monopoly, monopolistic competition and oligopoly. In addition, it examines how different pricing strategies can be used to increase profits.
Additional Information for Blended Section:
This course covers the same materials as the regular face-to-face sections with a mix of face-to-face, synchronous and asynchronous classes.