ECON 301: Managerial Economics

3 credits

Spring 2025 Lecture Distance Learning Upper Division
Data from
Spring 2025
last updated 3/29/2025

This course provides a practical and business-focused approach to microeconomic theory. The course covers topics from consumer behavior and demand, decision under uncertainty, production and cost, factor demand, market structure, pricing strategies, and strategic behavior. Emphasis is placed on the tools used to analyze decisions made by managers at firms. This is a required course for several majors in the School of Management and for the business economics minor, but is not intended for economics majors.

Learning Outcomes

1Learn how to identify goals and constraints, and use inductive and deductive reasoning to draw logical conclusions.

2Recognize the nature and importance of profits in directing resources to their highest value in use.

3Understand how incentives shape individual and institutional decisions.

4Understand the functioning of markets in managing individual and social allocation of scarce resources.

5Recognize the importance of time value of money in making sound managerial decisions.

6Learn the value of "thinking at the margin" when we seek to reach optimal outcomes.

Course ECON 301 from Purdue University - West Lafayette.

Prerequisites

Restrictions

Programs Management-BSIM, Integrated Business Engr-BS, Management-BS, Accounting-BS or...show more

Attachments

Spring 2025
Fall 2024
Summer 2024
Spring 2024
Fall 2023
Spring 2023
Fall 2021
Summer 2021
Spring 2021
Fall 2020
Summer 2020Fall 2019
Spring 2019

GPA by professor

3.2

No grades available

Other terms
Kell...(Spring 2023)
3.4
Mela...(Spring 2023)
3.1
Jaco...(Spring 2021)
2.8
Robe...(Spring 2019)
2.7
Stan...(Fall 2024)

No grades available

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Jonathon Clemens ...

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3:30 pm
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Abigail R Banan

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9:00 am
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Abigail R Banan

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12:00 pm
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Jonathon Clemens ...

003
3:30 pm
Lec
R

Abigail R Banan

002
9:00 am
Lec

Abigail R Banan

001
12:00 pm
Lec
F

Jonathon Clemens ...

003
3:30 pm
Lec

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ECON 301: Managerial Economics