Economics for Managers: 01. Exploring Microeconomic Principles
Foundations of Microeconomics in Management: Navigating Market Forces and Economic Strategies
Sentinel 9
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Overview
Dive into the world of microeconomics with our 'Economics for Managers: Exploring Microeconomic Principles' course. Understand economic theories, market dynamics, and global economic challenges. Enhance your managerial skills with insights into labor and financial markets, fostering career growth through practical, real-world applications.
Certificates
Reed courses certificate of completion
Digital certificate - Included
Will be downloadable when all lectures have been completed
Curriculum
Course media
Description
Course Description:
Our Economics for Managers: 01. Exploring Microeconomic Principles course is designed to introduce the fundamental principles of economic theories, models, and tools employed by the government, firms, and other stakeholders to manage the economy. This course aims to assist in understanding how to analyze the labor market, financial market, and global economic issues, such as financial and other crises. We will cover the definition of economy and economics; understanding the difference between macro- and microeconomics; supply and demand; equilibrium; elasticity; market efficiency; monopolies, oligopolies, and monopolies. By the end of this course, you will have broadened your understanding and skill in Economics. Training in this discipline can provide more opportunities for career advancement and allow you to explore some of the career options available in this exciting line of work.
Economics for Managers: 01. Exploring Microeconomic Principles is Part 1 of the 5-part extended Economics for Managers series presented by Sentinel|9. It features lecture-style videos, real-world case studies, downloadable materials, and self-knowledge quizzes. Gain excellent skills to help you manage your company and grow professionally by taking this course with others in the series.
Learning Outcomes:
- Analyze economic theories and models by demonstrating a comprehensive understanding of various economic theories and models utilized by governments, firms, and stakeholders to manage the economy effectively.
- Evaluate labor and financial markets by critically assessing the functioning of labor and financial markets, identifying key factors that influence supply, demand, and equilibrium, enabling informed decision-making.
- Address global economic challenges by applying advanced knowledge to analyze and address complex global economic issues, including financial crises and other economic challenges that impact businesses and industries.
- Assess market efficiency by evaluating market efficiency and its implications for business operations, enabling the identification of opportunities for improved resource allocation and strategic decision-making.
- Understand market structures by distinguishing between different market structures, including monopolies, oligopolies, and monopolistic competition, and evaluate the impact on competition and pricing strategies.
- Enhance economic decision-making by utilizing economic principles and tools to enhance decision-making at the executive level, leading to more effective management of companies and fostering professional growth.
Course Completion:
- In this course, you will be tested by completing a knowledge quiz. You need to score at least 80%+ across the test to be eligible to satisfactorily mark the course as complete.
Course Level:
- All Levels
Who is this course for?
- Economist
- Business Managers
- Students
- Self Employed Individuals
- Start-up Companies
- Executives
- Entrepreneurs
Requirements
- No prerequisites.
- No materials distributed.
- No formal assessments required.
Career path
- Administrator
- Banker
- Banking and Finance Professional
- Business Analyst
- Corporate Secretary
- Economist
- Financial Advisor/Analyst
- Financial Project Manager
- Government Officer
- Investment Manager
- Policy Officer
- Public Servant
- Quantitative Analyst
- Risk Manager
- Statistician
- Stockbroker
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This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
