MECN 6400 — Global Competition and Market Dominance
2 semester hoursGraduateLecture
Explores the application of microeconomic theory to managerial decision-making in real-world business contexts. Studies how firms and managers analyze demand, costs, production, and market structures to make informed strategic choices. Topics include optimization, marginal analysis, consumer behavior, elasticity, demand estimation, forecasting, and production decisions in both the short and long run. Also examines firm behavior in competitive, monopolistic, and oligopolistic markets, highlighting strategic interactions and pricing decisions.