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Title : 15.024 Applied Economics for Managers (MIT)

Description : The fact of scarcity forces individuals, firms, and societies to choose among alternative uses – or allocations – of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist's criterion of market efficiency. Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing U.S. and international business environments.

Fromsemester : Summer

Fromyear : 2004

Creator :

Date : 2004-09-16T16:03:24+05:00

Relation : 15.024

Language : en-US

Subject : applied economics

Subject : resource scarcity

Subject : allocate limited resources

Subject : business choices

Subject : modeling consumer choices

Subject : market efficiency

Subject : microeconomics

Subject : efficiency

Subject : supply

Subject : demand

Subject : consumer theory

Subject : producer theory

Subject : monopoly

Subject : imperfect competition

Subject : pricing

Subject : public goods

Subject : externalities

Subject : information uncertainty

Subject : group decision making

Subject : organizational architecture

Subject : international trade

Subject : equity

Subject : income distribution

Subject : economic rewards

Subject : managerial economics

Subject : corporate finance theory

Subject : network economy

Publisher : MIT OpenCourseWare

License : Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see