Aims

Managerial Economics is an introductory microeconomics course in the Bachelor of Business Administration. The aim of this course is to give students insight into how market economies function: what determines the price of a good and the quantities produced and consumed, how government policies and other external events affect prices and quantities, in which cases market outcomes are efficient and in which cases they are not.

In this course, the following key objectives are (partially or fully) realized:

- Analyses price-setting and the various pricing strategies for the most important market forms. (3.b)

- Interprets and underpins behaviour of producers and consumers based on economic concepts and theories. (3.c)

- Using an economic framework, critically analyses the impact of various forms of government regulation on the most important market forms. (3.d)

                      - Understanding the functioning of economic markets, recognizing the different kinds of market failures and being able to analyze and evaluate forms of government action.

- Defines, explains and uses, both graphically and model-based, macro- and micro-economic concepts. (3.h)

- Describes the perspectives of economic science, uses them in a (business) economics context and reflects critically on them. (3.i)

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The position of the course in the framework of the learning objectives of the programme can be found under the section “Objectives” of the “Bachelor of Business Administration (Brussels)”.

Previous knowledge

There is no specific preknowledge required for this course.

Identical courses

This course is identical to the following courses:
HBA43C : Managerial Economics A

Is included in these courses of study

• Bachelor of Business Administration (Brussels) 180 ects.
• Preparatory Programme: Master of Business Administration (Brussels) 75 ects.