Applied Economics for Managers
15.024 · Sloan School of Management · Graduate · Summer 2004
Prof. Daniel Richards
<p>The fact of scarcity forces individuals, firms, and societies to choose among alternative uses – or allocations – of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist’s criterion of market efficiency.</p> <p>Overall, this course focuses on microeconomi…
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Prof. Daniel Richards. 15.024 Applied Economics for Managers. Summer 2004. Massachusetts Institute of Technology: MIT OpenCourseWare, https://ocw.mit.edu. License: CC BY-NC-SA 4.0.
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