Browse Hierarchy BUSM051: Managerial Economics

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Managerial Economics applies microeconomics to problems confronting decision-making within firms, and covers how to tie and apply economic thinking to current events and policy debates that are relevant to businesses. The topics concern key aspects of the functioning of markets, including the role of prices, interdependence and elasticities, as well as market failures, the impact of non-competitive market structures, focusing on the case of oligopoly, pricing decisions, including quantity discounts and different types of market segmentation.

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