Discussion Post: Summary & Critical Thinking of Managerial Economics
A. Textbook: Baye, M. R., & Prince, J. T. (2017). Managerial economics and business strategy (9th ed.). McGraw-Hill Education. ISBN 978-1-259-29061-9
a. Chapter 11: Pricing Strategies for Firms with Market Power
b. Chapter 13: Advanced Topics in Business Strategy
c. Chapter 14: A Manager's Guide to Government in the Marketplace
In this discussion question, students have the opportunity to be creative and to relate what they have learned to their professional lives. Explore and critically think about some of the learning objectives and concepts presented in this course. Effectively communicate how you would lead an organization (or a group of people within the organization) by applying the knowledge you have learned ethically and responsibly. Your discussion should also include innovative thinking, and information-technology aspects (such as the Internet, social media, computers, and so forth) that may assist you in decision-making. You may frame your discussion around any functional component of business, and in any context; problem-solving, management, leadership, organizational behavior, and so forth.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.