Microeconomics for Managers: Foundations

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REQUIREMENT | WAIVE BY CREDENTIALS | PREPARATION RESOURCES

MICROECONOMICS FOR MANAGERS: FOUNDATIONS FIXED CORE REQUIREMENT

Note: Until AY 2024-25, this course was formerly referred to as MGEC

Microeconomics for Managers: Foundations (0.5 CU) establishes the microeconomic foundations for understanding business decision-making. The first unit, “Operating a Firm,” covers demand estimation, cost minimization, and pricing with market power. Unit two, “Markets and Equilibrium,” covers supply and demand, market equilibrium, taxes and tax incidence, and externalities. Unit three presents an introduction to game theory, including simultaneous-move and sequential games. The course emphasizes real-world applications and in-class activities, and it employs both multivariable calculus and computational methods to solve problems. Students are expected to have mastered these materials before enrolling in the second-quarter course, Microeconomics for Managers: Advanced Applications.

WAIVE BY CREDENTIALS

Incoming students who have completed an intermediate or advanced course in microeconomics (using calculus) within the last seven years and received a grade of A- or higher may waive the requirement to take Microeconomics for Managers: Foundations. This waiver is optional; many students who satisfy this condition nevertheless choose to take Microeconomics for Managers: Foundations in preparation for the following Advanced Applications course, which cannot be waived.

Documenting your credentials: 

If you would like to submit a request to waive Microeconomics for Managers: Foundations, you must highlight/annotate the course to be considered for your waiver request on your uploaded transcript, as well as provide supporting documentation (a syllabus, textbook information, etc.). When uploading a copy of the syllabus, include the title and author of textbooks used in the class. Failure to supply this information in the format requested will result in your credentials being declined.

Introductory, Elements and/or Principles of Microeconomics do not qualify for a waiver.

PREPARATION RESOURCES

Note: Until AY 2024-25, this course was formerly referred to as MGEC