Courses

Managerial Economics

In this course, Jim and Kay Stice dive into the subject of financial statements, explaining how to work with and analyze them.


Description

Managers can use economics to strategize and solve a variety of business problems, from the mundane to the mission critical. In this course, IMD Professor of Strategic Marketing Stefan Michel explains how to use economic theory to answer strategic questions such as…<br><br>
<ul>
<li>What are customers buying? (demand theory)<li>
<li>What should we produce? (production theory)<li>    
<li>Which costs do I need to worry about now? (cost theory)<li>
<li>What market am I in? (competition theory)<li>    
<li>What should we charge for it? (pricing theory)<li>
</ul><br><br>
To understand what managerial economics looks like in practice, Stefan explains how Google's auction-based advertising system employs the principles of game theory and how understanding this can help decision makers to outmaneuver their competitors.

Name Managerial Economics
Language English
Duration 1:18 hours
Sector IT-ITES
Price (INR) FREE
Availablity Available full time
Certification Availability Available
Pre-Qualification Any

Course Rating

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