Description:
The economic view of the firm. Modeling market mechanics in supply and demand, marginal concepts, elasticity, market characteristics, pricing with market power, and strategic behavior. Applications to business problems and situations. Principal-agent relationships and wealth maximization. Offered half of semester.
Semester:
Spring of every year
Credits:
Total Credits: 2 Lecture/Recitation/Discussion Hours: 2
Restrictions:
Open only to MBA students.
Description:
Economic view of the firm. Modeling market mechanics in supply and demand, marginal concepts, elasticity, market characteristics, pricing with market power, and strategic behavior. Applications to business problems and situations. Principal-agent relationships and wealth maximization. Offered first half of semester.
Description:
Economic view of the firm. Use marginal analysis to analyze firms' decisions such as pricing, entry, and price discrimination. Use game theory to analyze firms' strategic behavior, priniciple-agent relationships, adverse selection, and signaling.
Semester:
Spring of every year, Summer of every year
Credits:
Variable from 1 to 3
Restrictions:
Open to MBA students or approval of department.
Description:
Economic view of the firm. Use marginal analysis to analyze firms' decisions such as pricing, entry, and price discrimination. Use game theory to analyze firms' strategic behavior, priniciple-agent relationships, adverse selection, and signaling.