Managerial Economics – ECO 550 – Entire Course – Updated Version


1. Assess how managerial economics is used in business decision making.

2. Analyze how production and cost functions in the short run and long run affect the strategy of individual firms.

3. Apply the concepts of supply and demand to determine the impact of changes in market conditions in the short run and long run, and the economic impact on a company’s operations.

4. Analyze business and economic forecasting techniques utilized by managers.

5. Analyze short-run and long-run production and cost functions.

6. Apply macroeconomic concepts to changes in global and national economies and how they affect economic growth, inflation, interest rates, and wage rates.

7. Evaluate the profit-maximizing price and output level for given operating costs for monopolies and firms in competitive industries.

8. Propose how differences in demand and elasticity lead managers to develop various pricing strategies.

9. Analyze the economic impact of contracting, governance and organizational form within organizations.

10. Evaluate how government regulation is constraining and enabling for managerial decisions related to maximizing shareholder wealth.

11. Analyze capital budgeting decisions and the related impact to productivity, cost efficiency, diversification of asset base and impact to future cash flows of the firm.

12. Use technology and information resources to research issues in managerial economics and globalization.

13. Write clearly and concisely about managerial economics and globalization using proper writing mechanics.

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