MG 6083 - Managerial Economics and the Economic Environment

Institution:

Polytechnic Institute of New York University

Subject:

Description:

The fundamentals of microeconomics needed by managers. Demand theory (theory of the consumer) including models of demand, demand elasticities, and demand forecasting. Supply theory (theory of the firm) including diminishing returns, profit maximizing production levels, labor/capital tradeoffs and long-run vs. short-run issues. Market structures and how they affect optimal production and profit levels. Positive and negative externalities and government intervention including regulation, tariffs and subsidies. Selected applied topics. All topics are presented with emphasis on managerial application.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lab

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.poly.edu

Phone Number:

(718) 260-3100

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.