Theological Research Institute, Ltd. (TRI) | Evaluated Learning Experience
Managerial Economics and Business Strategy (BUS 202)
October 2018 - Present.
Upon successful completion of the learning experience, students will be able to: apply economic reasoning to business decisions; discuss the fundamentals of individual and firm behavior; estimate simple equations using regression and apply them in an economic context; use optimization to determine equilibria under a variety of market structures; apply game theory to economic decision making; explain advanced pricing strategies under market power; describe economic underpinnings of managerial decisions; and apply economics concepts to an individual problem.
Managerial Economics utilizes microeconomic theory and econometric techniques to analyze business decision making. Major topics include demand analysis and estimation, forecasting, cost analysis and estimation, market structures, pricing strategies, and game theory. The course combines mathematical skills with applications and examples from economics and business. A basic understanding of differential calculus is essential.
In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Business, Economics, Finance, Management, Organizational Behavior, Human Resource Management, or as a general elective (10/20).