Catalogue 2012 - 2013

ILP 317 Management Issues for Professionals

Credits

3 cr.

Prerequisite

MATH 111 or MATH 123 or MATH 133.

Course Description

Managerial economics is part of the education of managers, engineers, and other professionals who are involved in decision-making. It provides a framework for assembling information and analyzing alternative decisions. The principle problems studied are those of optimization, forecasting, risk avoidance, and business decision making. Its principle tools are drawn from economic theory and statistics. Calculus and numerical calculations are used to develop and analyze the data that theory has demonstrated to be relevant.