C. Learning Outcomes

After completing this course student would be able to (A)Through knowledge and understanding, students will be able to:
1. Define the economics way of thinking.
2. Define the main managerial economic tools and theories available for decision-making policies to stabilize and stimulate the economy.
3. Distinguish between the different market structures and pricing practices available to and used by firms.
4. Critically assess and describe the environment and the main determinants of demand and competition facing the firm.
5. Use the tools of economic theory to explain optimal production and pricing decisions by the firm in each market structure.
6. Appraise some of the current and emerging issues in managerial economics at the national and international levels.
7. Use the tools of marginal analysis to explain the optimal allocation of resources within the firm.