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ECON600 Managerial Economics
10 cp
Prerequisites Nil
Teaching Organisation 3 hours per week for 12 weeks or equivalent.
This unit is concerned with the nature and significance of economic reasoning. The student will be taught to employ this reasoning to attain a greater understanding of a number of topical social and business questions. These questions include the extent to which markets allocate resources efficiently; the degree to which market restrictions are efficient; the effectiveness of different tax regimes; the relative efficiency of different market structures; the best means by which to control environmental damage; the practicality of the government provision of public goods; and the degree to which the macro-economy is subject to coordination failure. The student will also be made aware of the numerous shortcomings and limitations of economic reasoning.
