Applied Micro Economics & Pricing
The course will involve fieldwork and U.S. site visits observing and discussing the physical elements underlying the long-term and marginal economics of the firm and its pricing strategies and policies. In addition, the course will discuss basic microeconomic concepts used in the analysis of business services, including the concepts of market size; marginal, average, short-run, and long-run costs; and production levels as they relate to revenue and contribution with a focus on pricing for the firm relative to its fixed and variable costs, market share framework, and competitive issues both within the mode and between modes.
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Sections: Summer Quarter 2024
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