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What is Innovative Approaches to Managerial Economics about?

This document discusses revising the traditional approach to teaching Managerial Economics. It argues that the standard approach, which focuses on firms as production units, is too narrow. As economic activity becomes more complex, transaction and coordination costs are increasingly important. The document proposes that Managerial Economics courses shift focus to view firms as transacting and coordinating units instead. It describes a new course at the University of Baltimore that takes this approach, using

Author

Klara Elisa

Language

EN