Diploma in Managerial Economics
Mastering the theory of managerial economics gives you a better understanding of supply and demand, consumer behaviour and key optimization techniques.
Unravel the major themes of managerial economics, starting from the basics of economics and microeconomics, and emphasizing the use of functions and optimization techniques, in this free online diploma course. It will give you improved knowledge of consumer preference and behaviour, through the use of tools like indifference curves and the marginal rate of substitution, and the resulting economic demand.
What You Will Learn In This Free Course
Introduction to Managerial Economics
This module introduces you to Managerial Economics and allows you to learn about economics and microeconomics and how these two concepts led to Managerial Economics. You will also learn about the basic assumptions and concepts used in managerial economics, notably marginal analysis and incremental analysis.
Economic Analysis and Optimization
In this module, you will learn about economic functions and their variables. The module also covers the techniques used for optimization, revenue maximization or cost minimization.; Module
First Course Assessment
a; Module
Supply and Demand
In this module, you will learn about the law of demand. The exceptions to the law of demand, notably Giffen goods, will be addressed. You will also learn about the law of supply and the various factors influencing supply.
Consumer Behaviour
In this module, you will learn how consumer preference is described through indifference curves and the marginal rate of substitution. You will also learn about the budget line. How the consumer reaches the equilibrium will be highlighted.
Second Course Assessment
a; Module
Course assessment
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