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0. Basic Principles of Economics

1. Reading and Understanding Graphs

2. Introductory Economic Models

3. The Market Forces of Supply and Demand

4. Elasticity

5. Consumer and Producer Surplus; Price Ceilings and Floors

6. Introduction to Taxes and Subsidies

7. Externalities

8. The Types of Goods

9. International Trade

10. The Costs of Production

11. Perfect Competition

12. Monopoly

13. Monopolistic Competition

14. Oligopoly

15. Markets for the Factors of Production

16. Income Inequality and Poverty

17. Asymmetric Information, Voting, and Public Choice

18. Consumer Choice and Behavioral Economics

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MGST 611: Managerial Economics – Course Syllabus and Study Guide

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Introduction to Economics

People Are Rational

People Respond to Incentives

Scarcity and Choice

Marginal Analysis

Microeconomics vs. Macroeconomics

Quantitative Analysis of Consumer and Producer Surplus at Equilibrium

Graphs of Two Variables

Relationships between Variables

Interpreting Graphs, Correlation, Causation, and Omitted Variables