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Course Info

  • Course Number / Code:
  • 15.024 (Summer 2004) 
  • Course Title:
  • Applied Economics for Managers 
  • Course Level:
  • Graduate 
  • Offered by :
  • Massachusetts Institute of Technology (MIT)
    Massachusetts, United States  
  • Department:
  • Sloan School of Management 
  • Course Instructor(s):
  • Prof. Daniel Richards 
  • Course Introduction:
  •  


  • 15.024 Applied Economics for Managers



    Summer 2004




    Course Highlights


    The complete set of lecture notes provide detailed outlines of the material covered in each session. A sample version of the final exam is also available, with solutions.


    Course 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.


    *Some translations represent previous versions of courses.

     

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