Dec 05, 2021  
2021-2022 Undergraduate Academic Catalog and Student Handbook 
    
2021-2022 Undergraduate Academic Catalog and Student Handbook
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ECP 4044 - Economic Analysis for Technologists


Credits: 3

Prerequisites: ECO 2023 - Principles of Microeconomics  and MAC 2311 - Analytic Geometry and Calculus 1  and (STA 2023 - Statistics 1  or equivalent)  
Course Description: The course applies the tools of economic analysis to develop a systematic approach to critical thinking about problems in science and technology management, particularly under conditions of incomplete or imperfect information. Topics include: time value of money; risk and uncertainty; demand approximation and forecasting; information acquisition, use, and value; real option value; optimal production and pricing under uncertainty; peak load pricing and optimal capacity; decisions in strategic environments, and market structure. When appropriate, emphasis will be placed on applications in the areas of science, engineering and technology.



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