Managerial Economics - A Microeconomics Course for Business
What you'll learn
- A Love of Economics that I Hope is Contagious!
- A Thorough Understanding of How to Price a Good or Service in the Market Place
- A Thorough Understanding of the Market Structures of Monopoly, Oligopoly, Perfect Competition and Monopolistic Competition
- A Thorough Understanding of the Relationship Between, Costs of Production, Revenue, and Profit
- A Thorough Understanding of the Power of the Market Structure on Effective Pricing Strategies
- A Thorough Understanding of the Theory Behind Boardroom Pricing Decisions of Successful Firms Around the World!
Requirements
- Just a curious mind and an interest in the world around you!
Description
Managerial Economics, also known as Theory of the Firm, is a course I like to call "Micro-Microeconomics". It is a course that looks at what happens in boardrooms and small businesses all around the world when business owners decide on the price of their products. It's fascinating and complex and simple! Yes, it is all of those things and is heavily dependent on the Market Structure in which the firm functions. Therefore, this is a perfect course for anyone interested in business, whether it be your own small business or wrk a multinational corporation for which you were--the pricing decisions are the same! It's really cool.
Complete with over 60+ video lessons and downloadable notes, the course covers:
An Introduction to the Theory of the Firm
Costs Theory and what it means for the pricing of a product
Revenue Theory and with it means for the pricing of a product
Profit Theory and what it means for the pricing of a product
And then - the combination fo the all three to find the perfect price for a product
The Market Structures of...
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
The magic of finding the perfect price for a product based on the Market Structure in which the firm operates
And a love of Economics that I hope is contagious!
I teach Economics because it fascinates me. Because it is the study of human behavior. Economics isn’t about data and graphs and problem sets. It is the study of people and their story and their history and the forces of society that we are born into. It provides us with an understanding of ourselves. It is not hyperbole to say that a thorough understanding of economics enables us to better understand the human condition. I truly believe that.
As a former Peace Corps Volunteer, a graduate of Duke University, and someone who has been fortunate enough to have traveled to over 55 countries around world, you will see how those experiences shape my teachings of Economics. Economics is the study of human behavior; and it is as a result of that behavior that economists have something to put into data charts and diagrams to study. Don't ever forget that!
I am looking forward to being a part of your studies if Macroeconomics!
Who this course is for:
- All people of all ages interested learning about the Economics!
- Business Owners who want a better understanding of pricing their products.
- University Students studying Economics and the they decision processes of firms to price their products!
- Adult Learners who want to know about the fascinating nature of effective pricing decisions of corporations
- And ESPECIALLY adults who had a horrible Economics teacher in university!
Instructor
![Brad Cartwright](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.8 Instructor Rating
- 711 Reviews
- 2,479 Students
- 7 Courses
I teach Economics because it fascinates me. Because it is the study of human behavior. Economics isn’t about data and graphs and problem sets. It is the study of people and their story and their history and the forces of society that we are born into. It provides us with an understanding of ourselves. It is not hyperbole to say that a thorough understanding of economics enables us to better understand the human condition. I truly believe that.
I currently teach IB Economics and Theory of Knowledge in Santiago, Chile. Prior to moving here I taught and served as high school principal at the American School of Nicaragua for four years. I began my teaching career in 2002 at the Atlanta Girls’ School in the United States.