Marilyn K. Spencer, Ph.D.
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Managerial Economics is a graduate-level course focusing on the use of economic tools and concepts to assist managers in decision-making. Topics may include market demand and elasticity, demand estimation, production and cost functions, marginal analysis under various forms of market structure and game theory. Prerequisites: ECON 5311 or equivalent.
By the end of this course, the students will be able to:
1. integrate the analysis of the horizontal and vertical boundaries that a firm faces with the effect that those boundaries have on firm performance and industry competition.
2. from the firm’s management perspective to be able to effectively identify the market structure that the firm competes in and its primary and secondary competitors.
3. integrate the use of marginal analysis into the managerial decision-making process.
My goal is success for every student who enrolls in this course, in whatever way each individual student defines success. My grading structure is such that the single most important behavior for your success in this course is attending class. The second most significant is reading the text.
K. Spencer, Ph.D., Professor of Economics
Office: OCNR 323
A&M-CC email: firstname.lastname@example.org