Managerial Economics

2021 | Academic Course Materials

In this Managerial Economics course, you will learn the essential economic principles that managers need to know in order to make good business decisions, such as what products to make and how many to produce. This course covers the cornerstone microeconomic theories of supply and demand, and discusses how both firms and consumers generally react to price increases and decreases. It also explains how supply and demand interact to establish an equilibrium price, how profits drive the market, and how demand for products can shift due to non-price factors. You will learn about economic forces that create either surplus or shortage by driving the market away from the equilibrium price. You will also learn how the government can intervene in the market to restore balance. Finally, you will learn about how business decision-making is affected by perfect competition, monopolies, oligopolies, and monopolistic competition. After completing this course, you’ll be able to combine your critical thinking skills and your new knowledge of managerial economics principles to make crucial business decisions.