Course Highlights
  • Evaluate business decisions from an economic perspective
  • Analyze the behavior of companies in the marketplace
  • Comprehend core concepts in managerial economics
  • Formulate and recommend business decisions
Curriculum

6 Topics
Introduction
Fundamental Terms
Time Value of Money
Project Profitability Index
Value of Perpetuity
Quiz 1

9 Topics
Introduction to Supply and Demand
Demand Function
Consumer Surplus
Law of Supply
Market Equilibrium
Equilibrium Analysis Continued
Price Ceiling
Price Floor
Quiz 2

9 Topics
Introduction to Demand
Elasticity of Demand
Deriving Elasticity of Demand
Cross Price Elasticity
Deriving the Demand Function
Interpreting Regression Output
Indifference Curves
Budget Constraints
Consumer Satisfaction

9 Topics
Introduction to Supply
Introduction to Production
Practical Example: Break Even Point
Introduction to Production Function
Optimal Inputs
Isoquant
Isocost
Cost Minimizing Input
Cobb-Dougals Production Function

9 Topics
Introduction to Market Structure
Perfect Competition
Monopoly
Lerner and Rothschild Index
Market Concentration
Monopolistic Competition
Oligopoly
Price Discrimination
Quiz 3

5 Topics
Introduction to Organization and Strategy
Integration
Vertical Integration and the Cost of Inputs
Incentives for Performance
The Shutdown Rule

2 Topics
Comprehensive Quiz
Closing Remarks

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Managerial Economics - Effective Business Decisionmaking

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