To operate as a successful manager requires knowledge of the core economic principles determining market production and consumption decisions. Effective managers understand how market forces affect prices and how changes in the economic environment affect market supply and demand levels. Above all, great managers have a well-developed capability for strategic thinking.

MMI1010H Prices and Markets will help you learn the basic tools of managerial economics. Drawing from the latest academic research, you will learn several models economists use to predict consumer behaviour, production, pricing, and competition. This course will employ game theory to enhance your ability to think strategically, take managerial decisions, and predict reactions of your market rivals.