Germany, Bremen

Managerial Economics

when 3 July 2016 - 28 July 2016
language English
duration 4 weeks
credits 6 ECTS
fee EUR 850

Application of economic theory and statistics to various business and economic problems facing the management of a firm. Major topics include economic forecasting, demand analysis, cost analysis, pricing, and investment decisions.
The course format will be a mixture of lectures, assignments and class discussion. Completion of a Principles of Microeconomics course and knowledge of basic statistics is required.

Course leader

Professor Dr. Prasun Bhattacharjee / East Tennessee State University – ETSU/USA

Target group

Students of economics, business studies, management studies and interested persons. Minimum age 18 years.
English required in the level: B2-C2 / Intermediate and advanced level

Course aim

The objective of this course is to provide students with the concepts and tools that will enable them to
- Understand the financial goals of the firm.
- Apply demand analysis to the market for a firm's product.
- Understand and apply the economic theories of production and cost.
- Understand how firms choose a level of output and a pricing strategy in a variety of market environments.
- Understand and analyze the strategic interaction between competing firms.
- Estimate demand and cost functions using linear regression.

Credits info

6 ECTS
or 4 US credit hours

Fee info

EUR 850: The course fee includes: information packet with city guide; Seminars and lectures; Teaching material; Program related excursion; Ticket for public transport in Bremen (bus+tram)
The course fee excludes: Travel expenses; Accommodation in Bremen (available at extra costs); Health and liability insurance; Board and personal spendings; Participation in optional activities