Why this course?

Description

Description:

Managerial Economics is a course that introduces students to the fundamental principles of economics and their application in a managerial context. It explores concepts of demand and supply, market structures, production and cost analysis, pricing strategies, and decision-making under uncertainty. The course equips students with tools and frameworks to analyze economic data, evaluate business decisions, and understand the impact of various economic factors on managerial choices.

Key Highlights:

• Understanding the principles of economics in a managerial context
• Analyzing demand and supply dynamics
• Exploring different market structures
• Analyzing production and cost functions
• Developing pricing strategies
• Evaluating decision-making under uncertainty

What you will learn:

• Learning Outcome 1
  Understand the basic principles of microeconomics and their application in managerial decision-making.
• Learning Outcome 2
  Analyze and evaluate demand and supply dynamics in various market situations.
• Learning Outcome 3
  Explore different market structures and their implications for managerial decisions.
• Learning Outcome 4
  Analyze production and cost functions to optimize resource allocation in a managerial context.
• Learning Outcome 5
  Develop pricing strategies based on market conditions, cost analysis, and consumer behavior.
• Learning Outcome 6
  Understand and evaluate decision-making processes under uncertainty and make informed managerial choices.