This course introduces fundamental principles of microeconomics most relevant to managers. Topics include costs, demand, pricing, market structure, market equilibrium, and strategic interaction. Topics include: profit maximization by firms; and market equilibrium in different competitive settings. tudents should be able to understant how markets operate and develop your capability in making economic predictions about market outcomes. It should also serve as a foundation for your further studies in management, accounting, finance, and marketing.
Course Practical hours: 1 hour Per Week