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Management Study Guide
This is an interesting course for business people especially the retailers who must understand the concept of demand and supply in smooth and successful running of the business. After reading this course, one can get a clear idea about What is Managerial Economics, Principles of Managerial Economics, Classification of Market Structures, Law of Demand, Price Elasticity of Supply & Supply Curve, etc.
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This is an interesting course for business people especially the retailers who must understand the concept of demand and supply in smooth and successful running of the business. After reading this course, one can get a clear idea about What is Managerial Economics, Principles of Managerial Economics, Classification of Market Structures, Law of Demand, Price Elasticity of Supply & Supply Curve, etc.
Read more
This is an interesting course for business people especially the retailers who must understand the concept of demand and supply in smooth and successful running of the business. After reading this course, one can get a clear idea about What is Managerial Economics, Principles of Managerial Economics, Classification of Market Structures, Law of Demand, Price Elasticity of Supply & Supply Curve, etc.
The introduction part itself clearly explains the importance of demand and supply in a business with the help of a wonderful example.Tables and graphs are used to explain the various concepts of economics clearly.There is one real life example in the course which explains about the law of diminishing marginal utility.It also explains how the marginal utility diminishes with the consumption of each unit. Each and every concept is very well laid and explained in this course and the practice section at the end of the course is very interesting.
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OpenCourser.com/course/b2tp5d/introduction
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What's inside
Learning objectives
- Explain what is managerial economics
- Describe the purpose of managerial economics
- Explain the principles of managerial economics
- List the objectives of a business firm
- Describe the role of environmental analysis in me
- Explain role of cost analysis in me
- Explain the classification of market structures
- Explain what is demand
- Explain the law of demand
- Explain the why demand curve has negative slope
- List the exceptions to law of demand
- Explain price elasticity of supply & supply curve
- Describe determinants of price elasticity of supply
- Explain how managers can apply me
- List the benefits of managerial economics
- Show more
- Show less
- Explain what is managerial economics
- Describe the purpose of managerial economics
- Explain the principles of managerial economics
- List the objectives of a business firm
- Describe the role of environmental analysis in me
- Explain role of cost analysis in me
- Explain the classification of market structures
- Explain what is demand
- Explain the law of demand
- Explain the why demand curve has negative slope
- List the exceptions to law of demand
- Explain price elasticity of supply & supply curve
- Describe determinants of price elasticity of supply
- Explain how managers can apply me
- List the benefits of managerial economics
- Show more
- Show less
Syllabus
Course Modules
Introduction
Explain What is Managerial Economics
Describe the Purpose of Managerial Economics
Read more
Syllabus
Course Modules
Introduction
Explain What is Managerial Economics
Describe the Purpose of Managerial Economics
Read more
Explain the Principles of Managerial Economics
List the Objectives of a Business Firm
Describe the Role of Environmental Analysis in ME
Explain Role of Cost Analysis in ME
Explain the Classification of Market Structures
Explain What is Demand
Explain the Law of Demand
Explain the Why Demand Curve has Negative Slope
List the Exceptions to Law of Demand
Explain Price Elasticity of Supply & Supply Curve
Describe Determinants of Price Elasticity of Supply
Explain How Managers can Apply ME
List the Benefits of Managerial Economics
Powerpoint Presentation
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Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Explores the fundamental concepts of managerial economics, which is relevant in understanding the complexities of business operations
Emphasizes the significance of supply and demand analysis, which is crucial for making informed business decisions
Utilizes tables and graphs to illustrate economic concepts, making them accessible and easy to understand
Provides real-life examples to reinforce understanding, bringing theoretical principles to life
Emphasizes the role of managers in applying managerial economics principles to drive business success
Provides a comprehensive coverage of managerial economics topics, making it suitable for individuals seeking a solid foundation in the field
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Save Introduction to Managerial Economics to your list so you can find it easily later:
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Introduction to Managerial Economics with these
activities:
Review basic algebra and calculus concepts
Show steps
Refresh your basic math skills to ensure you have a solid foundation for this course.
Browse courses on
Algebra
Show steps
-
Review the basics of algebra, including solving equations and inequalities
-
Review the basics of calculus, including derivatives and integrals
-
Complete practice problems to test your understanding
Identify a mentor who can provide guidance in managerial economics
Show steps
Connect with an experienced professional who can provide insights and support throughout your learning journey.
Browse courses on
Managerial Economics
Show steps
-
Reach out to professors, professionals in the field, or alumni
-
Explain your interest in managerial economics and ask for guidance
-
Set up regular meetings to discuss your progress and get feedback
Review Managerial Economics by Dominick Salvatore
Show steps
Get a foundational understanding of the basic principles and concepts of managerial economics to prepare you for this course.
View
Managerial Economics: Principles and Worldwide...
on Amazon
Show steps
-
Read chapters 1-4
-
Take notes on key concepts and theories
-
Complete the end of chapter exercises and problems
Five other activities
Expand to see all activities and additional details
Show all eight activities
Compile a glossary of key managerial economics terms
Show steps
Create a comprehensive resource to help you master the key terms and concepts in this course.
Browse courses on
Managerial Economics
Show steps
-
Identify the important terms in the course material
-
Define each term clearly and concisely
-
Organize the definitions in a logical way
Follow online tutorials on the classification of market structures
Show steps
Enhance your understanding of the different market structures and their implications for businesses.
Browse courses on
Market Structures
Show steps
-
Search for online tutorials on market structures
-
Choose a reputable source and follow the instructions
-
Take notes on the key concepts and examples
Attend a study group to discuss managerial economics concepts
Show steps
Engage with your peers to clarify concepts, share perspectives, and improve your understanding.
Browse courses on
Managerial Economics
Show steps
-
Join or form a study group with other students taking this course
-
Meet regularly to discuss the course material
-
Work together on practice problems and assignments
Develop a presentation on the role of cost analysis in managerial economics
Show steps
Demonstrate your understanding of how cost analysis can be used to make informed business decisions.
Browse courses on
Cost Analysis
Show steps
-
Research the role of cost analysis in managerial economics
-
Gather data and create charts and graphs to illustrate your findings
-
Develop a presentation that is clear, concise, and engaging
Write a business plan that incorporates the principles of managerial economics
Show steps
Apply the concepts of managerial economics to a real-world business scenario.
Browse courses on
Business Plan
Show steps
-
Identify a business opportunity
-
Conduct market research and analysis
-
Develop a marketing and sales strategy
-
Create a financial plan
-
Write a comprehensive business plan
Review basic algebra and calculus concepts
Show steps
Refresh your basic math skills to ensure you have a solid foundation for this course.
Browse courses on
Algebra
Show steps
Show steps
Show steps
- Review the basics of algebra, including solving equations and inequalities
- Review the basics of calculus, including derivatives and integrals
- Complete practice problems to test your understanding
Identify a mentor who can provide guidance in managerial economics
Show steps
Connect with an experienced professional who can provide insights and support throughout your learning journey.
Browse courses on
Managerial Economics
Show steps
Show steps
Show steps
- Reach out to professors, professionals in the field, or alumni
- Explain your interest in managerial economics and ask for guidance
- Set up regular meetings to discuss your progress and get feedback
Review Managerial Economics by Dominick Salvatore
Show steps
Get a foundational understanding of the basic principles and concepts of managerial economics to prepare you for this course.
View
Managerial Economics: Principles and Worldwide...
on Amazon
Show steps
Show steps
Show steps
- Read chapters 1-4
- Take notes on key concepts and theories
- Complete the end of chapter exercises and problems
Five other activities
Expand to see all activities and additional details
Show all eight activities
Compile a glossary of key managerial economics terms
Show steps
Create a comprehensive resource to help you master the key terms and concepts in this course.
Browse courses on
Managerial Economics
Show steps
Show steps
Show steps
- Identify the important terms in the course material
- Define each term clearly and concisely
- Organize the definitions in a logical way
Follow online tutorials on the classification of market structures
Show steps
Enhance your understanding of the different market structures and their implications for businesses.
Browse courses on
Market Structures
Show steps
Show steps
Show steps
- Search for online tutorials on market structures
- Choose a reputable source and follow the instructions
- Take notes on the key concepts and examples
Attend a study group to discuss managerial economics concepts
Show steps
Engage with your peers to clarify concepts, share perspectives, and improve your understanding.
Browse courses on
Managerial Economics
Show steps
Show steps
Show steps
- Join or form a study group with other students taking this course
- Meet regularly to discuss the course material
- Work together on practice problems and assignments
Develop a presentation on the role of cost analysis in managerial economics
Show steps
Demonstrate your understanding of how cost analysis can be used to make informed business decisions.
Browse courses on
Cost Analysis
Show steps
Show steps
Show steps
- Research the role of cost analysis in managerial economics
- Gather data and create charts and graphs to illustrate your findings
- Develop a presentation that is clear, concise, and engaging
Write a business plan that incorporates the principles of managerial economics
Show steps
Apply the concepts of managerial economics to a real-world business scenario.
Browse courses on
Business Plan
Show steps
Show steps
Show steps
- Identify a business opportunity
- Conduct market research and analysis
- Develop a marketing and sales strategy
- Create a financial plan
- Write a comprehensive business plan
Career center
Learners who complete Introduction to Managerial Economics will develop knowledge and skills
that may be useful to these careers:
Retail Buyer
Retail Buyer
Retail Buyers are responsible for finding and selecting products to sell in retail stores. They may also negotiate prices with suppliers and manage inventory. This course introduces the concept of demand and supply, which can provide valuable insights for Retail Buyers when making decisions about product selection and pricing.
Marketing Manager
Marketing Manager
Marketing Managers are responsible for developing and executing marketing campaigns that promote products or services. They may also conduct market research to understand consumer behavior. This course provides a strong foundation in the principles of managerial economics, which can help Marketing Managers make effective decisions about marketing strategies and tactics.
Economist
Economist
Economists study the production, distribution, and consumption of goods and services. They may also develop economic models to forecast economic trends. This course introduces the basic principles of economics, which can help economists understand how the economy works and make predictions about future economic conditions.
Financial Analyst
Financial Analyst
Financial Analysts provide investment advice to individuals and businesses. They may also manage investment portfolios. This course provides a solid foundation in the principles of managerial economics, which can help Financial Analysts make informed investment decisions.
Consultant
Consultant
Consultants provide advice to businesses on a variety of topics, including marketing, finance, and operations. This course can help Consultants develop a strong understanding of business principles, which can be valuable for providing effective advice to clients.
Business Analyst
Business Analyst
Business Analysts help businesses improve their operations by analyzing data and identifying areas for improvement. This course provides a strong foundation in the principles of managerial economics, which can help Business Analysts understand how businesses operate and make recommendations for improvement.
Product Manager
Product Manager
Product Managers are responsible for managing the development and launch of new products. They may also conduct market research to understand consumer needs. This course provides a solid foundation in the principles of managerial economics, which can help Product Managers make informed decisions about product development and marketing.
Sales Manager
Sales Manager
Sales Managers are responsible for leading and motivating sales teams. They may also develop sales strategies and manage customer relationships. This course provides a strong foundation in the principles of managerial economics, which can help Sales Managers understand how to develop effective sales strategies and manage sales teams.
Operations Manager
Operations Manager
Operations Managers are responsible for planning and managing the day-to-day operations of a business. They may also oversee production, inventory, and customer service. This course provides a strong foundation in the principles of managerial economics, which can help Operations Managers understand how to improve efficiency and productivity.
Supply Chain Manager
Supply Chain Manager
Supply Chain Managers are responsible for managing the flow of goods and services from suppliers to customers. They may also negotiate with suppliers and manage inventory. This course provides a solid foundation in the principles of managerial economics, which can help Supply Chain Managers understand how to make efficient and cost-effective supply chain decisions.
Logistics Manager
Logistics Manager
Logistics Managers are responsible for planning and managing the movement of goods and materials. They may also oversee transportation, warehousing, and inventory. This course provides a solid foundation in the principles of managerial economics, which can help Logistics Managers understand how to make efficient and cost-effective logistics decisions.
Inventory Manager
Inventory Manager
Inventory Managers are responsible for managing the inventory of a business. They may also oversee the purchasing and storage of goods. This course provides a strong foundation in the principles of managerial economics, which can help Inventory Managers understand how to make efficient and cost-effective inventory decisions.
Purchasing Manager
Purchasing Manager
Purchasing Managers are responsible for purchasing goods and services for a business. They may also negotiate with suppliers and manage inventory. This course provides a solid foundation in the principles of managerial economics, which can help Purchasing Managers understand how to make efficient and cost-effective purchasing decisions.
Cost Accountant
Cost Accountant
Cost Accountants are responsible for tracking and analyzing the costs of a business. They may also prepare financial reports and provide advice to management. This course provides a strong foundation in the principles of managerial economics, which can help Cost Accountants understand how to make informed decisions about cost management.
Auditor
Auditor
Auditors are responsible for examining and verifying the financial records of a business. They may also provide advice to management on financial matters. This course provides a strong foundation in the principles of managerial economics, which can help Auditors understand how to effectively evaluate financial records and provide valuable advice to management.
For more career information including salaries, visit:
OpenCourser.com/course/b2tp5d/introduction
Reading list
We've selected eight books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Introduction to Managerial Economics.
Provides a comprehensive overview of managerial economics. It covers a wide range of topics, including demand and supply, market structures, pricing strategies, and investment analysis. It valuable resource for students and professionals who want to learn more about managerial economics.
Provides a comprehensive overview of managerial economics. It covers a wide range of topics, including demand and supply, market structures, pricing strategies, and investment analysis. It valuable resource for students and professionals who want to learn more about managerial economics.
Save
Provides a strategic approach to managerial economics. It covers a wide range of topics, including demand analysis, cost analysis, pricing strategies, and investment analysis. It valuable resource for students and professionals who want to learn how to apply managerial economics to real-world business problems.
Provides a comprehensive overview of managerial economics, with a particular focus on the global economy. It covers a wide range of topics, including demand and supply, market structures, pricing strategies, and investment analysis. It valuable resource for students and professionals who want to learn more about managerial economics in a global context.
Provides a practical guide to managerial economics. It covers a wide range of topics, including demand analysis, cost analysis, pricing strategies, and investment analysis. It valuable resource for students and professionals who want to learn how to apply managerial economics to real-world business problems.
Provides a rigorous foundation in microeconomic theory. It covers a wide range of topics, including consumer behavior, producer theory, and market equilibrium. It valuable resource for students who want to learn more about the theoretical foundations of managerial economics.
Provides a concise overview of economics for business. It covers a wide range of topics, including microeconomics, macroeconomics, and international economics. It valuable resource for students and professionals who want to learn more about the economic environment in which businesses operate.
Save
Provides a concise overview of economics for managers. It covers a wide range of topics, including microeconomics, macroeconomics, and international economics. It valuable resource for students and professionals who want to learn more about the economic environment in which businesses operate.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/b2tp5d/introduction
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Effort
1 total hour
Via
Udemy
Instructor
Management Study Guide
Language
English
Good to know
Explores the fundamental concepts of managerial economics, which is relevant in understanding the complexities of business operations
Emphasizes the significance of supply and demand analysis, which is crucial for making informed business decisions
Utilizes tables and graphs to illustrate economic concepts, making them accessible and easy to understand
Provides real-life examples to reinforce understanding, bringing theoretical principles to life
Emphasizes the role of managers in applying managerial economics principles to drive business success
Provides a comprehensive coverage of managerial economics topics, making it suitable for individuals seeking a solid foundation in the field
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