Provide a reflection of at least 500 words of how the knowledge, skills, or theories of this course Managerial Economics have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
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Provide a 500 word (or 2 pages double spaced) minimum reflection.
Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited.
Share a personal connection that identifies specific knowledge and theories from this course.
Demonstrate a connection to your current work environment. If you are not employed, demonstrate a connection to your desired work environment.
The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
****Following is the course Syllabus***
Chapter 2. The One Lessor of Business.
Chapter 3. Beneﬁts, Costs, and Decisions.
Chapter 4. Extent (How Much) Decisions.
Chapter 5. Investment Decisions: Look Ahead and Reason Back.
Chapter 6. Simple Pricing.
Chapter 7. Economies of Scale and Scope.
Chapter 8. Understanding Markets and Industry Changes.
Chapter 9. Market Structure and Long-Run Equilibrium.
Chapter 10. Strategy: The Quest to Keep Proﬁt from Eroding.
Chapter 11. Foreign Exchange,
Chapter 13. Direct Price Discrimination.
Chapter 14. Indirect Price Discrimination.
Chapter 15. Strategic Games.
Chapter 16. Bargaining.
Chapter 17. Making Decisions with Uncertainty.
Chapter 18. Auctions.
Chapter 19. The Problem of Adverse Selection.
Chapter 20. The Problem of Moral Hazard.
Chapter 21. Getting Employees to Work in the Firm’s Best Interest.
Chapter 22. Getting Divisions to Work in the Firm’s Best Interest
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