ECON*4400 - Managerial Economics
Course Description
This course introduces students to the latest developments in the economic analysis of the inside workings of firms. The course is centered on the concept of organizational structure, which is made up of three variables: allocation of decision rights, performance evaluation and performance incentives. The course tries to explain the diversity of economic organizations, and more generally, why economic activity is sometimes carried out through firms and sometimes through markets.
Learning Outcomes
By the end of the course, the learner should be able to:
- Solve various optimization problems;
- Make quantitative predictions;
- Demonstrate and interpret various economic models;
- Apply the course materials to historical and current managerial problems;
- Analyze equilibrium models; and
- Apply the supply and demand framework to various markets, the theory of the firm and the theory of the consumer.
Course Topics
- Introduction
- Demand
- Production and Cost
- Market Structure
- Pricing with Market Power
- Economics of Strategy
- Organizational Architecture
- Corporate Governance
- Vertical Integration and Outsourcing
Additional Requirements
Prerequisite(s): ECON*2310. Students must have completed a minimum of 12 credits.
Restriction(s): This is a Priority Access Course. Enrolment may be restricted to particular programs or specializations. If you are a registered University of Guelph undergraduate student, please see department for more information. All other inquiries may be directed to counsellor@OpenEd.uoguelph.ca.
Assessment
| Assessment Item | Weight |
|---|---|
| Assignment 1 | 15% |
| Term Paper 1 | 10% |
| Term Paper 2 | 20% |
| Assignment 2 | 15% |
| Online Final Exam | 40% |
| Total | 100% |
Note:
Additional Technical Requirements
This course will use the following:
- Respondus tool to invigilate one or more exams.
Please view the Technical Considerations.
Technical Requirements
You are responsible for ensuring that your computer system meets the necessary system requirements. Use the browser check tool to ensure your browser settings are compatible and up to date (results will be displayed in a new browser window).
*Course details are subject to change.