Managerial Economics

Swati Watts
Last Update January 25, 2021
1 already enrolled

About This Course

Managerial economics is a branch of economics which deals with the application of the economic concepts, theories, tools, and methodologies to solve practical problems in a business these business decisions not only affect daily decisions, also affects the economic power of long-term planning decisions, its theory is mainly around the demand, production, cost, market and so on several factors. In other words, managerial economics is a combination of economics theory and managerial theory. It helps the manager in decision-making and acts as a link between practice and theory.

Learning Objectives

Evaluate past managerial policies as to whether they are appropriate or need improvement.
Help managers recognize and identify the economic strengths and weaknesses that can affect the company.
Identify costs to be as efficient as possible.
Sets the selling price of the appropriate product to achieve maximum net profit.
Helps in the face of fluctuations in market conditions that affect demand for goods, prices, and profits.
Assist managers in understanding the company's economic environment.

Target Audience

  • Anyone who wants to gain the knowledge of economic issues can study this course.

Your Instructors

Swati Watts

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Free
Level
Intermediate
Duration 40 hours
Subject
Language
English
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