Explain the fundamental concepts of microeconomic theory and demonstrate, through examples, the possibilities of applying the main tools of microeconomic analysis.
Provide the necessary theoretical microeconomic foundation for analysing key economic problems and preparing decisions for their resolution.
Additional info
Nature and scope of managerial economics
Optimisation techniques
Demand theory
Demand estimation
Demand forecasting
Theory and estimation of production
Theory and estimation of costs
Market structure: perfect competition and monopoly
Market structure: monopolistic competition and oligopoly
Pricing strategies
Market regulation
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Lectures: 30
Seminars: 0
Exercises: 0
Apply the concepts of managerial economics and data analysis to make optimal business decisions.
Critically evaluate key factors of demand and competition that firms face in different market environments.
Examine the concept of cost, the nature of production, and their impact on firm performance.
Analyse pricing and output decisions of firms within various market structures.
Assess the impact of government interventions on firm performance and changes in the business environment.
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