ProgrammesModule: Managerial Economics

Course Title: Managerial Economics

Course Code: UU-ECO-2404-UG

Programme: Bachelor of Science in Business, Accounting and Financial Management - BL

Credits: 4.00

Course Description:

Course/Module Description:

Managerial Economics will enable students to gain a good understanding of basic concepts in Economics when placed in key managerial positions in various organizations. The students will develop skills in decision-making and problem-solving as a potential position of a manager will require. 

 

Course/Module Objectives:

The main objectives of the course are:

1. To offer a good understanding of resource allocation and efficiency in an applied manner
2. To introduce the concepts of optimization techniques in economics
3. To analyze the objectives of the firm using mathematical and analytical techniques.

 

Course/Module Learning Outcomes:

After completion of the course students are expected to be able:

1. To provide an overview of economic efficiency and optimization of economic resources
2. To explain how managerial economics can be used as a tool for managerial decision making
3. To perform an economic analysis involving optimization techniques, demand analysis and forecasting, applications of cost theory, price and output determination under different market structures.
4. To explain the quantitative impact of government regulation
5. To demonstrate problem solving techniques.

 

Prerequisites: UU-BA-IND100-UG

Prerequisites Categories: Year 1, Year 2

Typical Module duration: 4.0