Managerial Economics
Offered By: LinkedIn Learning
Course Description
Overview
Learn how to use economics to make better business decisions. Explore economic theories to strategize and solve business problems from demand and competition to pricing products.
Syllabus
Introduction
- Making better managerial economic decisions
- What is managerial economics?
- Use economics to solve business problems
- Demand curve
- Price elasticity
- Real world elasticities
- Shift of the demand curve
- Economic profit versus accounting profit
- Economies of scale
- Economies of scale versus scope
- The law of diminishing returns
- Break-even analysis
- What-if analysis for constant profit
- Profit maximization
- Price discrimination
- Google's money making machine
- Price increases and competitive reaction
- Economic fallacies
- Elements of an economic decision
Taught by
Stefan Michel
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