Principles of Managerial Economics Course
Credits: 3 Credits (126 Clock Hours)
Self-paced: 4-month completion deadline.
Dive into the intricate world of managerial economics with this enriching course. Principles of Managerial Economics unwraps the essence of economic reasoning tailored for business managers across various domains—from production and operations to finance and corporate strategy. Through conceptual models, students will grasp pivotal relationships, such as those between price, quantity, cost, revenue, and profit for individual firms. The course also illuminates the nuances of consumer demand, production economics, and the strategic motives behind business expansion. Moreover, it explores the frameworks for enhancing organizational structures within large corporations.
What you'll learn:
- Unravel the intertwined relationship between revenue, cost, and profit within businesses.
- Familiarize yourself with breakeven analysis, understanding its pivotal role in decision-making.
- Discuss the implications of the shutdown rule and strategies to circumvent its challenges.
- Delve deep into the factors that determine demand, as well as its forecasting and elasticity.
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Courses are self-paced and supported by qualified faculty. Students work on their reading, assignments, and quizzes on their own time. This flexibility allows students to study while navigating the rest of their busy lives. Our courses and programs have completion deadlines, but beyond that, students can complete the work on their own schedule. Instructors are always available for questions and support. Students are not required to attend any scheduled class meetings.
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Washington Technical Institute is Regionally accredited by the Middle States Association CESS, and licensed by the Minnesota Office of Higher Education as an institution of higher learning