list 6 sequences
assignment Level : Intermediate
chat_bubble_outline Language : English
language Subtitles : Hindi
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Key Information

credit_card Free access
verified_user Fee-based Certificate
timer 18 hours in total

About the content

A successful manager makes good decisions. To make good decisions, you need to understand the market forces that impact your business and personal life. This is true for managers in large multinationals or small businesses, in non-profit organizations or in the government. Individuals and households also make decisions. They decide on what to learn, where to work, how much to save, where to invest, and what goods to buy, among others. Most modern societies depend on markets to organize economic activity: they are market economies. A large number of decisions you make as individuals or as managers relate to markets. So it is important for you to know how markets work and how to make good decisions as a manager or as an individual operating in a market environment. This is what this course will teach you.

Most business schools have a course on Managerial Economics as part of the MBA curriculum. Exposure to Economics is essential for all students of management. This course will provide a simple introduction to Managerial Economics and use minimum mathematics.

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Prerequisite

Basic analytical and logical reasoning skills: the ability to understand and draw simple graphs and knowledge of elementary (10th standard, high school) algebra.

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Syllabus

  • How markets work; supply, demand and market equilibrium
  • Elasticity of supply and demand, taxes and subsidies
  • Production of goods and services, measures of productivity
  • Making decisions for hiring and spending on infrastructure
  • Opportunity costs, different cost concepts, planning for the future
  • Pricing and selling decisions with different types of competitive pressures
  • Problems with markets and what we can do about it
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Instructors

Subhashish Gupta

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Content Designer

Indian Institute of Management, Bangalore
Indian Institute of Management, Bangalore
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Platform

Edx

Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with EdX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.

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