|
|
|
|
|
|
|
|
 |
|
|
|
|
|
Managerial Economics |
|
|
The field of Managerial Economics covers a wide range, and differs
considerably from one university to another. A common approach is to treat
Managerial Economics as a microeconomics course that emphasizes business
applications. In this case, the field emphasizes cost analysis, linear
programming, pricing decisions, capital budgeting, and forecasting -- in
effect, a mix of micro topics of interest to a firm's technocrats. |
|
|
|
|
|
|
|
|
Virtually
all versions of Managerial Economics today emphasize strategic behavior
and game theory to some extent. Industrial structure, different
competitive strategies, the economic content of "core
competencies," and business location theory are commonly treated as
well. The economics of corporate management and labor incentives are
commonly treated, typically at a sophisticated level in more modern
versions of the field. Other contemporary topics include the information
content of accounting data, techniques of internal coordination, property
rights, organization dynamics, and corporate financial decisions. |
|
|
|
|
|
|
|
|
|
|
|
