Managerial Economics

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Managerial Economics

Master the application of economics in managerial decision-making

updated on icon Updated on May, 2024

language icon Language - English

person icon Human & Emotion Learning

category icon Managerial Economics,Economics

Lectures -41

Duration -2.5 hours

4.2 ★★★★ ★

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Course 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

Goals

What will you learn in this course:

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.

Curriculum

Check out the detailed breakdown of what’s inside the course

Managerial Economics
41 Lectures

1. Introduction and Study plan,and structure of the course 03:55 03:55
Unit 2.1. Introduction to managerial economics 06:48 06:48
Unit 2.2. Scope of Managerial economics 06:05 06:05
Unit 2.3. Opportunity costs 04:17 04:17
Unit 3.1. Market demand ( Introduction) 04:22 04:22
Unit 3.2. Law of demand 04:44 04:44
Unit 4.1 Market supply and equilibrium,(Introduction) 03:32 03:32
Unit 4.2.Law of supply 02:59 02:59
Unit 4.3.; Market equilibrium 03:50 03:50
Unit 5.1. Consumer behaviour ( Introduction) 03:28 03:28
Unit 6.1. Elasticity of demand(Introduction) 05:14 05:14
Unit 6.2. Concept of elasticity 04:26 04:26
Unit 6.3. Price elasticity of demand 05:33 05:33
Unit 7.1.Production theory(Introduction) 04:35 04:35
Unit 7.2. Meaning of production 03:25 03:25
Unit 7.3. Types of Isoquants 03:00 03:00
Unit 8.1. Laws of production(Introduction) 02:44 02:44
Unit 9.1. Cost Analysis(Introduction) 02:57 02:57
Unit 9.2. Cost Concepts 04:38 04:38
Unit 10.1. Market structure - Perfect competition 03:57 03:57
Unit 10.2. Shut-Down decision 04:26 04:26
Unit 10.3. Efficiency of a firm 03:34 03:34
Unit 11.1. Imperfect competition (Introduction) 03:38 03:38
Unit 11.2.;Price discrimination under Monopoly 03:16 03:16
Unit 12.1. Monopolistic competition (Introduction) 03:08 03:08
Unit 12.2. Price and output decisions 04:17 04:17
Unit 13.1. Oligopoly (Introduction) 02:18 02:18
Unit 14.1. Basic National Income Concepts (Introduction) 03:45 03:45
Unit 14.2. Concept of National Income 03:42 03:42
Unit 14.3. GNP as the total of factor incomes 04:43 04:43
Unit 14.4. Net National product 04:21 04:21
Unit 15.1. Calculation of National Income (Introduction) 05:04 05:04
Unit 15.2. Product approach 04:46 04:46
Unit 15.3. Income approach 04:27 04:27
Unit 15.4. Expenditure approach 04:22 04:22
Unit 15.5. Problems in measuring National Income 04:58 04:58
Unit 15.6. Circular flow of income 02:31 02:31
Unit 15.7. Sector model with financial market 02:37 02:37
Unit 15.8. Circular flow of income in a 3-sector model 04:09 04:09
Unit 15.9. Circular flow of income in a 4 sector model 03:24 03:24
Unit 16. Assignment part 07:03 07:03

Instructor Details

Human & Emotion Learning

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