Managerial Economics – Effective Business Decisionmaking from Udemy

Overview

Managerial Economics is a vital field that delves into the analysis of business decisions. This course aims to examine business decisions from both the supplier and consumer’s perspective, enabling business owners to answer essential questions such as the optimal price and quantity to produce. Managerial Economics also helps in predicting the impact of changes in other businesses’ production and the effects of government legislation on a business.

The course covers various crucial topics such as Market Equilibrium, Price Controls, Law of Supply and Demand, Elasticity of Demand, Pricing Strategies, and Time Value of Money, to name a few. The instructor, Robert Reed, is an MBA candidate and a veteran who served in the 82nd Airborne Division of the United States Army. With a B.A. in Economics and three years of experience as a student tutor, Robert ensures that the course provides a comprehensive introduction to Managerial Economics to help learners understand its key concepts better. This course is intended to be an informative resource rather than specific business or investment advice.

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Skills you’ll learn

1. Understanding market equilibrium and price controls
2. Mastering the law of supply and demand
3. Analyzing indifference curves and budget constraints
4. Calculating elasticity of demand
5. Working with isoquant and isocost curves
6. Identifying strategies to minimize production costs
7. Grasping different market structures and pricing strategies
8. Recognizing the benefits of mergers and employee incentives

Summary

Dive into the fascinating world of Managerial Economics with the accomplished instructor, Robert Lee Reed, who holds an MBA. This comprehensive course, boasting a remarkable 4.9 out of 5-star rating, promises to equip you with the knowledge and skills necessary for effective business decision-making. With 45 insightful lessons and a thriving community of 525 eager students, your journey towards mastering managerial economics is just a click away!