Managerial Economics COURSE DESCRIPTION

Managerial Economics COURSE DESCRIPTION
Applied
Research Paper on an Industry:

For an industry
of their choice, students will analyze the industry based on the following
items.

o
Internal Rivalry within the
industry

o
Potential Entrants into the
industry

o
Suppliers’ Market Power

o
Buyers’ Market Power

o
Substitutes and Complements

The format of
the research paper is consultant’s report. All reference must be cited. An
executive summary must be included in the paper.

Learn how to use page breaks rather than using the enter key to move to the next page in your document.

In terms of formatting, if you are using APA, here’s the link to a sample paper for APA 7

https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/apa_sample_paper.html

You can refer to the first example, APA 7 student paper there.

Managerial Economics COURSE DESCRIPTION

The course applies economic theories and quantitative
methods to management decision making. Solutions for many important management
decision problems in the areas of product selection, pricing, investment, and
organization design can be found in managerial economics using relevant
economic theories and quantitative methods. Topics include theory of the firm,
theory of consumer demand, industrial organization, game theory, forecasting,
statistical estimation, decision making under uncertainty, capital budgeting.
PROPOSED COURSE OUTLINE

Topic One: Overview of Managerial
Economics, Supply and Demand

·
Definition of Managerial
Economics

·
Supply and Demand

·
Market Equilibrium

·
Comparative Static

Topic Two: Demand Analysis

·
Price Elasticity

·
Income Elasticity

·
Estimation of Demand using
Regression Analysis

Topic Three: Production Cost

·
Production Function

·
Cost Function

·
Multiple Output Cost Function

Topic Four: Understanding Industry

·
Market Structure

·
Structure-Conduct Performance
Paradigm

·
Perfect Competition, Monopoly,
Monopolistic Competition

Topic Five: Basic Oligopoly Models and
Games Theory

·
Models of Oligopoly

·
Overview of Games

·
Simultaneous Move Games

·
Infinitely Repeated Games

·
Multistage Games

Topic Six: Pricing Strategies

·
Price Discrimination

·
Two-part Pricing

·
Bundling

·
Peak-Load Pricing

Topic Seven: Decision-Making under
Uncertainty

·
Uncertainty and Consumer Behaviour

·
Uncertainty and Firm

·
Uncertainty and Market

·
Auctions

·
Adverse Selection

·
Moral Hazard

Topic Eight: Organizational Design

·
Principle-Agent Problem

 

 

 

 

 

 

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