crse_ovrview_mkt

crse_ovrview_mkt - Overview of Todays Class 15.010...

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Overview of Today’s Class 15.010 Introduction 15.010 Class Specifics and Requirements •M a r k e t s Market Definition How Markets are Modeled Review Reminder 15.010: Economic Analysis for Business Decisions Economics is relevant for many questions facing business What Business Are You In? Pricing? Product Design? Relevant Costs of Producing? New Capacity Investment? Now or Later or Never?
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15.010: Economic Analysis for Business Decisions Economic practice involves principles and modeling for specific answers Mathematical models of economic behavior and interactions, for analysis and prediction You are not here to become a professional economist Important specializations of economics Finance, Marketing, Strategy (market strategy and internal organization) 15.010: Economic Analysis for Business Decisions Economic Reasoning provides Systematic Approach to Business Decisions
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crse_ovrview_mkt - Overview of Todays Class 15.010...

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