Economics and Strategies of Technology Management

MTI 613: Economics and Strategies of Technology Management (3 Credits Hours)

Market structures and their impact on industry performance; pricing strategies of firms; Use of game theory in interpreting firm behavior; capital budgeting and information imperfections in markets. Economic decision-making framework and their application to a wide range of managerial economic problems; concepts of elasticity and marginal revenue; identify costs that are relevant to decision making and distinguish between cost reductions due to scale, scope and learning effects. Asymmetric information and the application of the basic concepts of game theory to oligopolistic decision making.