EC 312 - Managerial Economics

3 credit(s)
This course integrates the traditional coverage of microeconomic theory with modern developments in the theory of economic organizations and managerial decision making. Introducing the concepts of transaction costs, this course examines efficiency and coordination with firms, and provides tools for effectively analyzing a wide variety of business situations. Topics include the neoclassical theory of the firm, the organization of the firm, centralized decision making, market failure and externalities, economics of information, and game theory.
Prerequisite(s): EC 110 and EC 211.

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