UdemyTeaching & AcademicsPaid courseBeginner levelCertificate

Introduction to Managerial Economics (Udemy.com)

Managerial Economics makes use of economic theory and concepts and helps in formulating logical managerial decisions.

4.4

173 reviews

Created by: Management Study Guide

Last updated February 2020

What you will learn

Explain What is Managerial Economics
Describe the Purpose of Managerial Economics
Explain the Principles of Managerial Economics
List the Objectives of a Business Firm
Describe the Role of Environmental Analysis in ME
Explain Role of Cost Analysis in ME
Explain the Classification of Market Structures
Explain What is Demand
Explain the Law of Demand
Explain the Why Demand Curve has Negative Slope
List the Exceptions to Law of Demand
Explain Price Elasticity of Supply & Supply Curve
Describe Determinants of Price Elasticity of Supply
Explain How Managers can Apply ME
List the Benefits of Managerial Economics

How it compares

Against the other 503 rated Udemy courses in Teaching & Academics on CourseDuck:

Rating4.4 out of 5higher than 27% of them
Reviews173#386 of 504 by number of reviews
Length1.2 hoursshorter than 86% of them
Last updatedFebruary 2020earlier than 82% of them

Course Description

This is an interesting course for business people especially the retailers who must understand the concept of demand and supply in smooth and successful running of the business. After reading this course, one can get a clear idea about What is Managerial Economics, Principles of Managerial Economics, Classification of Market Structures, Law of Demand, Price Elasticity of Supply & Supply Curve, etc.

The introduction part itself clearly explains the importance of demand and supply in a business with the help of a wonderful example.Tables and graphs are used to explain the various concepts of economics clearly.There is one real life example in the course which explains about the law of diminishing marginal utility.It also explains how the marginal utility diminishes with the consumption of each unit. Each and every concept is very well laid and explained in this course and the practice section at the end of the course is very interesting.

Beginner Level

Time: 1.2h

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Instructor Details

Management Study Guide

4.4 Rating
173 Reviews

Management Study Guide (MSG) is a premier global provider of professional business education, trusted by millions of learners, corporate professionals, and academic institutions worldwide. We specialize in reducing learning resistance by translating complex corporate frameworks into easy-to-understand, highly actionable skill sets.

Our structured learning modules cover high-demand professional domains including Strategic Management, Six Sigma Methodologies, Operations, Leadership Development, and Agile Project Management.

By blending an application-focused learning methodology with real-world case studies designed by industry veterans, our video-based masterclasses are built to help you master new capabilities rapidly. Enroll in our programs to gain lifetime access to premium learning assets, download career-focused resources, and earn official Certificates of Completion to accelerate your professional growth.