731348 Managerial economics
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- Lecture and exercise
- Semester hours
- Lecturer (assistant)
- Leonhardt, Heidrun Else , Addo, Felicity , Kronberger, Philipp
- Offered in
- Wintersemester 2021/22
- Languages of instruction
As economic environment changes and become more dynamic; effective managerial decision-making requires timely and efficient use of information. The purpose of this course is to provide students with a basic understanding of the microeconomic theories and analytical tools that can be used in decision making.
This lecture is based on the theory of the firm and provides a collection of topics and methods which are necessary to prepare management decisions. Basically, this courses examines optimization techniques, demand analysis, empirical production and cost functions, price determination under alternative market conditions, strategic behavior of firms, as well as role of goverments in these processes.
The content of this lecture is problem-oriented and will be hands-on, enabling students to reinforce the presented material. Case studies will help to link the presented material with real-world economic processes.
- Objective (expected results of study and acquired competences)
The overall learning outcome for this course is to be able to apply microeconomic tools and techniques to optimal decision making processes.
Students who successfully complete the course can
-Interpret and apply microeconomic concepts that have direct managerial applications.
-sharpen their analytical skills
-use economic models to examine a managerial problem,
-identify basic econometric tools and its role in managerial decision making.
-Recognize governmental influences on resource and production processe
You can find more details like the schedule or information about exams on the course-page in BOKUonline.