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Learn to build and analyze mathematical models for economic management through this comprehensive course covering demand-supply equilibrium, marginal analysis, game theory, and inventory management. Master key concepts including Nash equilibrium, Cournot competition, Hotelling models, and Stackelberg competition while developing optimization techniques for both constrained and unconstrained problems. Explore deterministic and stochastic inventory models, including EOQ (Economic Order Quantity) models and newsvendor problems, with practical applications in pricing strategies and advertising-based inventory management. Gain hands-on experience solving real-world business problems using mathematical modeling techniques, culminating in a final examination that tests understanding of all core concepts.
