Course details
This course examines the use of economics, decision theory and business problems. Uses case studies to accounting/finance tools by managers facing various problems. The course will consider how the internal and external operating environment impacts a manager's resource allocation decisions.
Prerequisite(s)
- 50% in OPMT 7701
Credits
4.0
- Not offered this term
- This course is not offered this term. Please check back next term or subscribe to receive notifications of future course offerings and other opportunities to learn more about this course and related programs.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Explain a consumer's and firm's decision-making processes.
- Classify various Canadian industries according to market structure.
- Assess how market structure determines firm behaviour.
- Use algebra and calculus to solve standard economic models.
- Use the results from economics models to facilitate production and marketing decisions in business.
- Assess how firms have been successful in dealing with major Canadian industrial issues.
- Analyze current economic issues in a team setting.
- Evaluate the impact of different microeconomic events on various Canadian industries.
- Use economic models to illustrate the effects of political and economic events.
Effective as of Winter 2022
Related Programs
Managerial Economics (ECON 8550) is offered as a part of the following programs:
School of Business + Media
- Bachelor of Business Administration
Bachelor of Business Administration Full-time/Part-time
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