Courses

Certificate in Managerial Economics

$300.00

  • Discuss the concept of demand and supply
  • Emphasize the different economic approaches in making the effective business decisions
  • Discuss the different marketing structure in competitive markets
  • Analyse the operation of the business within the economic environment
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  • 3 Months
  • Certificate of Completion

Description

The impact of economic factors on the local & international market environment need to be understood for making correct decisions. The various types of market and the behaviour of consumers and producers is analysed, by considering the various parameters which prevail in the economy. The focuses on demand and supply factors in a market environment. It also gives outcome of various types of cost, price determination in different market structures.

Career prospects

On successful completion of the course on Managerial Economics, learners will have an idea of the demand and supply and its impact on the different types of market, industry trends, labour markets, the prospects for individual companies, and the forces that drive the economy. They can find employment opportunities as an analyst in investment banking, policy decision making, demographics, climate change organisation, and much more.

Learning Outcome

On successful completion of this programme, students should be able to:

  • Analyse the concept of demand and supply
  • Examine the various internal and external factors operating on the business enterprise
  • Apply effective decisions in different market situations
  • Outline the operation of the business within the economic environment

Curriculum

  • Module 1: Fundamentals of Managerial Economics
  • Module 2: Demand, Supply and production
  • Module 3: Market Structures, Pricing, Price discrimination
  • Module 4: Fundamentals of Macro Economics relating to Managerial Economics

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