ECON 5107 - Quantitative Microeconomic Analysis

3 credit hours
Develops a coherent framework for effective quantitative decison-making and economic concepts and modes for application in a variety of business disciplines. Topics include the role of the analysis of the margin in understanding optimal decisions, production and supply, consumption and demand, elasticity, and market structure. Possible applications will vary depending on class interests; examples include approaches to optimal choice in production or distribution, pricing practices for firms with market power, the relationship between risk and return, implementing “marginal” analysis in managerial accounting, and optimal marketing approaches for new products with an existing brand.

Prerequisite Course(s): Business Calculus