R e v i e w o f
F u n d a m e n t a l M a t h e m a t i c s
As explained in the Preface and in Chapter 1 of your textbook, managerial economics ap plies microeconomic theory to business decision makin
A Beginner's Guide to Economic Research and Presentation
by
Dr. Jeffrey A. Edwards
1
Table of Contents
Introduction
4
1. Basic Regression Analysis and Inference
What is a Regression Model?
Estimation
Chapter 13 Notes
These are viewed as single period, but businesses tend to be on-going, or multiperiod games
These are two-person games, but oligopolies often represent N-person games,
where N is grea
Chapter 2
Fundamental Economic Concepts
Demand, Supply, and Equilibrium Review
Total, Average, and Marginal Analysis
Finding the Optimum Point
Present Value, Discounting & Net Present Value
De m a
Chapter 2 (cont)
Fundamental Economic Concepts
Risk and Expected Value
Probability Distributions
Standard Deviation & Coefficient of Variation
Normal Distributions and using the z-value
The Relat
Chapter 1
What is Managerial Economics?
Integrates and applies microeconomic theory and methods to decision making
problems faced by private, public, and not-for-profit organizations.
Managerial econo
NORTH CAROLINA AGRICULTURAL AND TECHNICAL
STATE UNIVERSITY
Course Syllabus
Course Information
Course Number/Section : Economics 608/001
Course Title: Managerial Economics
Term: Fall 2012
Days & Times:
R e v i e w o f
F u n d a m e n t a l M a t h e m a t i c s
Linear Functions
Functions can be either linear or nonlinear in form. This section of the Review discusses
the properties of linear function
R e v i e w o f
F u n d a m e n t a l M a t h e m a t i c s
EXPONENTIAL AND NATURAL LOGARITHMIC FUNCTIONS
We now discuss two more curvilinear functions, exponential functions and natural logar ithmic
R e v i e w o f
F u n d a m e n t a l M a t h e m a t i c s
Curvilinear Functions
Linear functions are easy to use because the rate of change in the dependent variable as
the independent variable chan
Chapter 3
DEMAND ANALYSIS
Demand Relationships
The Price Elasticity of Demand
Arc and point price elasticity
Elasticity and revenue relationships
Why some products are inelastic and others are el