This course examines how managers can use economic tools and techniques in solving problems and
making business decisions. Managerial economics analyzes supply and demand, profit optimization, cost
minimization and pricing practices. It also examines the impact of economic indicators on business
performance. This course teaches managers how to analyze risk and apply the analysis in making prudent
business decisions. Primary emphasis will be on understanding and applying concepts, and the implications of
analysis on managerial decision-making.