Managerial Economics – Effective Business Decisionmaking | Management Online Course by Udemy

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Managerial Economics – Effective Business Decisionmaking

Welcome! Managerial Economics is a field of Economics that analyzes business decisions. Managerial Economics allows business owners to answer the questions “How much should I produce?” and “What price should I charge?”. However, there is much more to Managerial Economics than simply determining the optimum price and quantity that a firm should produce. Managerial Economics also allows us to determine how our business will be affected by changes in the production of other businesses. It allows us to predict the impact that certain government legislation will have on our business. This course will examine business decisions from both the perspective of the supplier and the consumer. Topics CoveredMarket EquilibriumPrice ControlsLaw of Supply and DemandIndifference Curves and Budget ConstraintsElasticity of DemandIsoquant and Isocost CurvesMinimizing Cost of ProductionMarket Structure Pricing StrategiesBenefits of MergersEmployee IncentivesTime Value of MoneyAbout the InstructorRobert Reed is a current Masters of Business Administrationcandidate and veteran with four years of service in the 82nd Airborne Division of the United States Army. He holds a B.A. in Economics and has served as a student tutor for three years.

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