Designed to connect economic theory to practical issues faced by firm managers. Focus is on the way economic theory affects the firm's behavior both internally and externally. Internal issues include organizational structure and contract design, especially as these issues relate to opportunism, rent-seeking and asymmetric information. External issues include discussions of corporate strategy, advertising and the market for corporate control.
Pre-requisites: Econ 308 is a required course for Management majors and available as an elective for Econ majors.
Managerial Economics (Econ 308)
Office Hours: MW 11:00AM-12:00 PM, F 1:00-2PM, or by appt.
Required Textbook: Michael Baye, Managerial Economics and Business Strategy, 8th edition, 2014. Connect access code as a stand-alone item or bundled with the textbook. This is the address to obtain access code: