Economics and Entrepreneurship
Assignment 2. Managerial Economics
 
For your final assignment, let’s consider the key topics learned in our class, including:
• Problem Solving and Decision Making
 
• Pricing, Costs and Profits
 
• Pricing for greater profit
 
• Game Theory and Competitive Strategy
 
• Strategic Decision Making
 
• Uncertainty
 
• Organizational Design
 
Please select one of the key topics listed, and address the following items:
 
 (a) Provide a detailed description of the topic and how it plays a major role in the success of the organization and to achieve profit. You can use an example of an organization to explain.
 
(b) Provide two examples of how the selected concept is applied.
 
(c) Discuss the challenges faced with the concept selected. As part of this discussion, how will the selected item be implemented in an organization and its significance?
 
(d) Discuss how the selected concept will change 5 years from now. What can the organizational leaders, financial analyst do today to ensure they are prepared for these advancements?
 
(e) Apply the above criteria to an organization and discuss in detail. For example: If you are selecting Google, and your topic is problem solving and decision making, you are required to discuss the problem solving and decision-making approaches used in Google and how these methods contribute to the success of the organization.
 
 Parameters, Requirements, and Rubrics for this Assignment: The paper must be in Times New Roman, 12-point font, double-spaced, and APA formatted.
 
(a) Please include a title page, introduction, and conclusion.
 
(b) Please ensure that at least SIX credible references are used, and make sure to cite them.
 
(c) Word count is between 1,500-words.