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Apr 15, 2026
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MG 724 - Managerial Economics3 lecture hours 0 lab hours 3 credits Course Description Basic microeconomic theory is introduced, including a review of the organization’s environment and goals, demand, production and cost theory, and its integration under various market structures (perfect competition, monopoly, oligopoly and monopolistic competition). The application of this theory is made to issues of industry structure and managerial decision-making with respect to pricing of goods and services, and of inputs to production decisions. The use of marginal and incremental cost analysis in making managerial decisions is discussed. (prereq: MG 620 , MG 633 ) Course Learning Outcomes Upon successful completion of this course, the student will be able to: No course learning outcomes appended. Prerequisites by Topic None appended Course Topics No course topics appended. Laboratory Topics None appended Coordinator Paul Hudec
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