Economics For Business Decision Requirements

E3 Business

As a novice, economics seems to be a dry social science that is laced with diagrams and statistics; a complex branch that deals with rational choices by an individual as well as nations — a branch of study which does not befit isolated study but delving i

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Gamal Haikal

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Managers can use economics to strategize and solve a variety of business problems, from the mundane to the mission-critical. In this course, we explain 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, we explain 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.

جميع محاضراتك بالدورة

GDP: Determinants of the Standards of Living

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Economics Overview