Managerial Economics Preview

Managerial Economics

With Stefan Michel Liked by 5,957 users
Duration: 1h 16m Skill level: Intermediate Released: 10/17/2016

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Course details

Managers can use economics to strategize and solve a variety of business problems, from the mundane to the mission critical. In this course, IMD Professor of Strategic Marketing Stefan Michel explains how to use economic theory to answer strategic questions such as…

  • What are customers buying? (demand theory)
  • What should we produce? (production theory)
  • Which costs do I need to worry about now? (cost theory)
  • What market am I in? (competition theory)
  • What should we charge for it? (pricing theory)


To understand what managerial economics looks like in practice, Stefan explains how Google's auction-based advertising system employs the principles of game theory and how understanding this can help decision makers to outmaneuver their competitors.

Skills you’ll gain

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Contents

What’s included

  • Practice while you learn 1 exercise file
  • Test your knowledge 6 quizzes
  • Learn on the go Access on tablet and phone
  • Stay up to date Continuing Education Units

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