Learn key concepts in managerial economics, including supply and demand, cost structures, and competitive markets.
Learn key concepts in managerial economics, including supply and demand, cost structures, and competitive markets.
Dive into the world of managerial economics with this comprehensive course on buyer and seller behavior. Explore fundamental topics in market analysis, pricing strategies, and economic decision-making. Learn how to apply economic principles to real-world business scenarios, analyze market forces, and make informed managerial decisions. Gain practical skills in understanding supply and demand dynamics, cost structures, and competitive market equilibrium. This course equips you with essential tools for strategic business planning and market analysis.
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English
Tiếng Việt
What you'll learn
Explain the basics of supply and demand curves and their implications for pricing
Characterize variable and fixed costs in business operations
Analyze short-run and long-run equilibria in competitive markets
Construct and interpret supply and demand curves for market analysis
Predict short-run and long-run market prices and firm profitability
Apply game theory concepts to understand strategic business decisions
Skills you'll gain
This course includes:
3.5 Hours PreRecorded video
16 assignments
Access on Mobile, Tablet, Desktop
FullTime access
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There are 4 modules in this course
This course provides a comprehensive introduction to managerial economics, focusing on buyer and seller behavior in competitive markets. Students will explore fundamental concepts such as supply and demand curves, variable and fixed costs, and market equilibrium. The curriculum covers short-run and long-run analysis of competitive markets, pricing strategies, and market entry and exit decisions. Through case studies and practical examples, learners will develop skills in economic analysis and forecasting of key market variables. The course emphasizes building economic intuition and understanding various market conditions and forces, preparing students to make informed business decisions in competitive environments.
How the Costs of Doing Business Determine Success and Failure
Module 1 · 13 Hours to complete
From Cost Structures to Market Supply Curves
Module 2 · 10 Hours to complete
The Economic Outcomes of Competitive Markets
Module 3 · 14 Hours to complete
Summative Course Assessment
Module 4 · 3 Hours to complete
Fee Structure
Payment options
Financial Aid
Instructors
Distinguished Economist and Academic Leader
Liad Wagman holds the prestigious John and Mae Calamos Dean Endowed Chair and is a professor of economics at the Stuart School of Business at Illinois Tech. He serves as an Academic Affiliate at the Office of Global Services for Law and Economics and has held numerous significant positions, including Senior Economic and Technology Advisor at the Federal Trade Commission’s Office of Policy Planning and Competition Fellow at the Data Catalyst Institute. His academic contributions include roles as a Visiting Associate Professor at Northwestern University's Kellogg School of Management and a Visiting Scholar at Duke University's Economics Department. Additionally, Wagman has been involved in research at the Duke University Computer Science Department and the Social Sciences Research Institute, and he worked at the Center for International Security and Cooperation at Stanford University. He has received several accolades, including the Program for Advanced Study in the Social Sciences Fellowship, the Education and Research Initiative Award, the Institute of Industrial and Systems Engineers Best Paper Award, and the Outstanding Paper Award at the International Conference on Artificial Intelligence.
Associate Professor of Economics
Priyanka Sharma is an Associate Professor of Economics at the Illinois Institute of Technology’s Stuart School of Business. She earned her Ph.D. in Economics from Texas A&M University (USA) and holds an M.A. in Economics from the Delhi School of Economics (India) as well as a B.A. (Honors) in Economics from the University of Delhi (India). Her research and teaching interests focus on industrial organization and applied microeconomics.
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4.1 course rating
21 ratings
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