Managerial Economics

A program that focuses on the application of economics principles to the analysis of the organization and operation of business enterprises. Includes instruction in monetary theory, banking and financial systems, theory of competition, pricing theory, wage and salary/incentive theory, analysis of markets, and applications of econometrics and quantitative methods to the study of particular businesses and business problems.

Companies thrive by finding new ways to stay relevant and maintain their profitability. Although turning a profit is essential to the survival of companies, business managers and executives must always factor in risks. Ensuring a business can sell its goods and services while juggling other tasks is what business and managerial economists do. 

The job requires creativity, strong analytical skills, and well-researched solutions. You’ll learn how to apply the principles of economics to solve problems related to company growth and success. Are employees satisfied? Is there high employee turnover in particular departments? Are vendors in compliance with labor laws? Are there additional ways to make the company green-friendly? How will government impact the business and its consumers?

Studying economic theories and methods will help you become an effective communicator and advisor in business.