Economic Analysis for Business and Strategic Decisions ON DEMAND

Overview

This course provides a clear and concise introduction to managerial economics. It focuses on the fundamentals and essentials needed to understand how business decisions are made and tackled using economics and other quantitative tools. It illustrates decisions with many solved problems to test to help students reinforce their understanding of the subject. Further, many business professionals can benefit from this course. This course extensively and intensively shows the application of economic theory and concepts to real-life business decisions. It consists of questions and problems along with their answers and suggested solutions.

Highlights

Profit maximization and marginal analysis. Differential calculus. Constrained optimization. Marginal analysis vs incremental analysis. Demand and revenue. Supply function. Types of forecasts, and more.

Prerequisites

Some basic knowledge of economics. A minimal background in college-level math and statistics.

Designed For

CPAs.

Objectives

Define the concept of time value of money. Recognize the difference between value maximization and profit maximization. Identify profit-making motives for companies. Recognize how marginal analysis is used for business decisions. Identify how a derivative is used in economic analysis. Recognize the characteristics of mathematical concepts in optimization techniques. Recognize different goals for economic optimization. Recognize factors that affect the demand curve. Identify examples of complementary goods. Recognize the uses for the point price elasticity concept. Identify how factors, such as technology, change the supply curve. Recognize how demand estimates can be achieved with market experiments, and more.

Preparation

None.

Notice

None.