| This course is a study of economic decision-making by an institution in relation to the industry and the economic and regulatory environment in which it operates. This course emphasizes economic analysis in economic decision-making and in business policy formation; application of macroeconomics in making decisions that anticipate cost, revenue, and profit behavior; and economic analysis of managerial problems, including choice of production levels, deciding how much labor to hire, budgeting capital, and dealing with uncertainty. |