The course of Managerial Economics aimed at presenting and developing a microeconomic approach to business decisions.The concepts and problems are analyzed from the perpestive of the firm and the manager's decisions. Emphasis is thus placed on the study of the production process and the analysis of interactions in markets, both with the consumers and the rival firms.
- Students will be skilled in critical thinking and decision-making, supported by economic principles and best practices in business.
- Students will have the ability to use data to inform economic and business decision making.
- Students will be able to put together quantitative reports as well as to evaluate reports put together by others.
- Students will be able to comprehend economics-related writing.
- Students will be able to work effectively in teams and to address strategic and organizational challenges.
Salvatore, D. Managerial Economics in a Global Economy, 8th Ed. Oxford University Press (McGraw Hill, 2015).
Hirschey, M. Managerial Economics, 14th ed. ( U.S.A. Thomson South-Western, 2016).
- Koutsoyiannis, A., Modern Microeconomics, 2nd Ed. (MacMillan, 1979).
- Evan J. Douglas and Scott Callan., Managerial Economics analysis and strategy ,4th Ed. (Prentice Hall, 1992).
Description of the System of Evaluation (Exam, assignments etc.):
Mid Term: 30 marks
Sessional: 20 marks
- Assignments: 25%
- Presentation: 25%
- Participation: 25%
- Attendance 25 %
Final Exam: 50 marks