Use of economic concepts and models to make strategic business decisions (adverse selection, game theory, price discrimination, strategic commitment, barriers to entry, network effects). Economics of strategic responses to the legal environment (regulations, antitrust policies, intellectual property, fiduciary duty, liability). Three lecture hours a week for one semester. Only one of the following may be counted: Economics 350K (Topic: Economic Principles of Managerial Decisions), 351N, Finance 172 (Topic 10), 272 (Topic 10), 372 (Topic 10). Prerequisite: Economics 420K, 420S, 421K, or Finance 321K with a grade of at least C-.