Managerial economics is a field of economics that applies economic theory and methods to solve business problems. It focuses on analyzing the decision-making process of firms and managers, with the goal of maximizing profits and achieving other business objectives.
The four-week Managerial Economics course provides an introduction to the principles and methods of managerial economics, with a focus on the application of these principles to real-world business problems. The course covers topics such as marginal analysis, demand analysis, cost analysis, pricing strategies, market structure analysis, and government policies.
During the four weeks, you will learn about the role of economic theory in business decision-making, and how to apply marginal analysis to optimize business decisions. You will also gain an understanding of consumer behavior, elasticity of demand, production functions and cost functions, pricing strategies, and market structures.
In addition, you will explore government policies and regulations that affect business decisions, such as antitrust laws, environmental and social policies, taxation, and subsidies.
Throughout the course, you will be assessed through assignments and case studies that will help you apply the concepts and tools of managerial economics to real-world business problems. The course does not include any formal exams.
By the end of the course, you will have a solid foundation in the key concepts and tools of managerial economics, and you will be able to apply these concepts to real-world business problems. This course is ideal for business professionals and entrepreneurs who want to improve their decision-making skills and maximize profits in their businesses.
