MAM 6001 - Managerial Econ in Ag

The objective of this course is to help managers of a firm develop effective solutions to obstacles posed by the economic and market environment based on both macro and microeconomic theory and concepts. It helps in formulating logical managerial decisions. The key of Managerial Economics is the micro-economic theory of the firm operating in a macroeconomic environment and will lessen the gap between economics in theory and economics in practice. This course will guide managers in making decisions relating to the firm’s customers, competitors, suppliers as well as relating to the internal functioning of a firm. It makes use of statistical and analytical tools to assess economic theories in solving practical business problems.

3 hours lecture
3 credits