Due to today’s winter storm, Centennial College campuses are closed and all on-campus labs, clinics and studios are cancelled for the day. Child Care Centres will also be closed. Online classes and services will continue as scheduled. We do expect to re-open campuses on Tuesday. Please continue to check our website and social media channels for updates.

Economic Analysis for Managers

Course Code ECON-701
Lecture hours per week 3
Lab hours per week
Course Availability: Open

Managerial economics is the application of economic theory to decision-making in various organizational settings such as a firm or a government agency. The purpose of this course is to provide students with a basic understanding of economic theory and the analytical tools used in decision-making. The emphasis in this course will be on the microeconomic and macroeconomic influences which affect decision-making in a business. These influences include: (1) how customer behavior affects firm revenue, how costs affect firm production, and (3) how the market environment influences a firm’s ability to respond to the strategies of its competitors. Managers also need to be aware of macroeconomic changes, to be able to analyze and interpret economic forecasts, and to project the impact of macroeconomic changes on firms and their competitors.