Course Outline

Course Outline - LANGARA COLLEGE Department of Economics...

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LANGARA COLLEGE Department of Economics COURSE: SEMESTER: Econ 2296, Section 1 2010 Spring Managerial Economics INSTRUCTOR: OFFICE HOURS: W. Gray Giovannetti Mon, Wed 2:30 – 4:00 p.m. Office B247n Thurs 4:30 – 5:30 pm Phone 604-323-5839 (or by appointment) E-mail ggiovannetti@langara.bc.ca Description This course examines the economic foundations of managerial decision making. Topics include demand and cost theory; decision making under uncertainty; price determination in competitive, monopoly and oligopoly markets; pricing strategies; asymmetric information; and market failure. By the end of the course students will be able to demonstrate sufficient knowledge of, comprehension of, and analytic abilities about the content of the course, as described in the Langara Calendar, that they are capable of advancing to further studies for which this course is a prerequisite. Learning Outcomes Apply the economic way of thinking to individual decisions and business decisions Use calculus to solve for an optimum solution Understand how prices get determined in competitive markets, how market participants benefit in the form of consumer surplus and producer surplus, and what are the consequences of government intervention Measure the responsiveness of consumers' demand to changes in the price of a good or service, the price of other goods and services, and income Understand the different costs of production and how they affect short and long run decisions
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This note was uploaded on 09/25/2010 for the course ECON Econ 2296 taught by Professor W.graygiovannetti during the Fall '10 term at Langara.

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Course Outline - LANGARA COLLEGE Department of Economics...

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