The key metric of pricing in Economics: Elasticity | Social Science Online Course by Udemy

Teaching & Academics Online Course by Udemy, On Sale Here

Economics-The complete course on Elasticity and its business aspect

An excellent training about Social Science

The key metric of pricing in Economics: Elasticity

Elasticity is the concept where economics meet with business strategy in terms of pricing. How do companies decide about which price point to implement?How do policy makers decide how much tax they should put on a product or service? or even whetherto implement anyinterdiction or not? Elasticity is the key conceptof economics whether it isfor a micro setting or a macro setting as well as the pricing, one of the most important business decisions. WHAT YOU’LL LEARNThis isthe complete online course on elasticity which is one of the key metrics of pricing as well as economics. You’ll be learning Elasticity from the beginning to the end, from the economics perspective to the business aspect. In this course we break down elasticity into 3 chapters:”Price Elasticity of Demand”,”Price Elasticity of Supply” and”the business aspect of Price Elasticity” in terms the relationship of elasticity with sales forecasting, pricing and non-pricing decisions, total reveue, cost and tax incidence.1.Price Elasticity of Demand: You will learn whatPrice Elasticity of Demand(PED) is, how to calculate PED withtwo formulas, the factors affecting PED and other demand elasticities.2.Price Elasticity of Supply: You will learn whatPrice Elasticity of Supply(PES) is, how to calculate PESwithtwo formulas, the factors affecting PES.3.The business aspect of Price Elasticity: You’ll learn the reasons why business need to know their products’ or services’ elasticity, how they use Price Elasticity in sales forecasting and pricingand non-pricing strategies as well asthe relationship between elasticity, total reveue, cost and tax incidence, thebusiness aspect of other price elasticities and the common mistakes that managers make with price elasticity.4. Case studies: You’ll have articlesand short caseanalysis on elasticity of different products and services. As a bonus, I also include a fullPDF notesdocument that summarizes all the major points we go over in the course as well as articles. REMINDERThis is not a complete pricing course, this course is related with one of the metrics andmost mistaken concepts of pricing decisionswhich is elasticity. Why Learn From Me?I have 15 years of experience in business world including managerial positions inthe multinational companiesas well as being abusiness owner, lecturer and consultant. I have first hand experience in pricing decisions and ecnomic anlaysis of price elasticity in tech related industries. My students on a constant basisevaluate my courses highly and comment on thepassion I have, how engaging my courses are and also how simple I make things for them. I hope you can join this group of satisfied students and learn one of the basic metrics for pricing. Sotake this coursenow and understand elasticity and its importance in business decisionswhat it can do for your business and marketing efforts! Who is the target audience of this course?If you’re selling anything, you need to know the impact ofelasticity on your pricing, total revenue and even on your cost structure. This applies to people selling both online and offline, and it appliesboth for products and services. If you want to understand the quantitative as well as qualitative factors of your product’s or service’s elasticityand how to maximize yourtotal revenue with the most important metric, this course is vital.

Udemy is the leading global marketplace for learning and instruction

By connecting students all over the world to the best instructors, Udemy is helping individuals reach their goals and pursue their dreams.

Study anytime, anywhere.

START HERE