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Managerial Economics - Cost Theory
Managerial Economics - Oligopoly and Game Theory
Managerial Support Systems and Solution Techniques
Managerial Negotiations in the Workplace
Managerial Economics - Monopoly and Perfect Competition
Managerial Economics: Economic Analysis and Optimization
This course covers the broader subject of managerial economics and specializes in economic analysis and optimization. Both are crucial because the goal of optimization is to create a situation where a company’s marginal revenue is equal to its marginal cost and accurate analysis is needed to assess how to obtain optimization. ‘Marginal analysis’ and ‘incremental analysis’ are some of the leading concepts that will be unravelled. Other concepts addressed include the importance of revenue and cost. The material also covers basic assumptions in economics notably ‘ceteris paribus’ (‘all other things being equal’ or the idea in economics of the effect one variable has on another provided all other variables are unchanged) and economic rationality.You will then learn about economic functions and their variables along with the slope of a function and differential calculus. The course also highlights the techniques used for optimization: revenue maximization or cost minimization. Two key techniques will be particularly emphasized namely the substitution technique and the Lagrange multiplier method. By the end of the course the regression technique and the least square method will also be unravelled.Starting with the basic concepts of managerial economics (also known as industrial economics) you will be led through the complexities around sound economic analysis and optimization. This course will be of great interest to people who would like to have a better understanding of economics and how it relates to the actual world especially business owners entrepreneurs and sales managers. Students attending schools in the commercial sector or specializing in finance will find the course particularly interesting.
Disclaimer: Product information, including title, description, and images, is sourced/provided by our affiliate partner, Alison US CA.
Disclaimer: Some of the links on this website are affiliate links, meaning we may earn a commission if you click through and make a purchase. This comes at no additional cost to you.
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Product information, including title, description, and images, is sourced/provided by our affiliate partner, Alison US CA.
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