This course covers the economic foundations of managerial decision-making. Topics include supply and demand interactions, the theory of demand, decision-making under uncertainty, production and costs, price determination under perfect competition and monopoly, strategies for pricing with market power, monopolistic competition, oligopoly, game theory, asymmetric information, moral hazard, and incentive contracts. The course uses a variety of mathematical techniques, particularly algebra, and calculus.
Requirements: This course is restricted to students enrolled in the Commerce Program.
Prerequisites: COMM 171 or 3 Units as approved transfer from ECON 112 or ECON 110
Exclusions: ECON 110, ECON 111, ECON 112