What Will Learn?
This course is designed to provide students with a broad overview of the field of managerial economics. Students will be introduced to the basic concepts and models in this field, including those related to production, pricing, marketing decisions, resource allocation, and investment decisions. The course will also cover topics related to global economic competition and international trade.
This course will review various ways in which microeconomic principles and quantitative tools can be used to aid managers in making sound decisions. Topics include forecasting consumer demand, production and cost analysis, optimal pricing and production decisions, sensitivity analysis, and capital budgeting. This is a 4-credit-hour course and is allotted 6 weeks of time.
Managerial Economics
Managerial economics concerns the microeconomics of an organization. Rather than focusing on the bigger economic influences, such as government policies and market conditions, managers must make individual decisions within the workplace for the organization’s greater good.
Microeconomic and macroeconomic theories may be applied for managers to make long-term planning decisions concerning product demand, cost, and production. Staying ahead of the competition with innovative products at affordable prices is the microeconomic manager’s specific end goal.
Managerial Economics is a required course of the Doctorate in Business Administration program at American International Theism University. Students will review various ways in which microeconomic principles and quantitative tools can aid managers in making sound decisions.
The course’s most significant topics include forecasting consumer demand, production, cost analysis, optimal pricing decisions, optimal production decisions, sensitivity analysis, and capital budgeting. If you can understand these topics better, you’ll have the necessary skills to qualify as an upper-level manager within an organization.
Companies all over the world want to hire managers with a clear understanding of managerial economics. After all, new managers do not start at the executive level. They have to work their way up, which means managing lower-level employees and making important decisions that affect the productivity of a particular department in the organization. If a manager can prove himself or herself to do their job effectively, then an executive position will be waiting for them in the future.
Students have up to 6 weeks to complete the course. It is 100% online, so you can schedule your own time to come to class. There is no specific time required. If you make it through the course successfully, you’ll be awarded four credit hours toward your academic record. Then you’ll be 4 credits closer to receiving your Doctorate in Business Administration and having your choice of working in virtually any company in the world.
Related Courses
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American International Theism University is a Religious institution that meets the requirements found in Section 1005.06(1)(f), Florida Statutes and Rule 6E-5.001, Florida Administrative Code are not under the jurisdiction or purview of the Commission for Independent Education and are not required to obtain licensure.
The title of AITU-issued degrees incorporates a religious modifier inside any of the accompanying degrees to consent to the Florida Department of Education, Commission for Independent Education Section 1006.06 ((1) (F): For instance, Associate of Arts, Associate of Science, Bachelor of Arts, Bachelor of Science, Master of Arts, Master of Science, Doctor of Philosophy, and Doctor of Education.
AITU offers educational programs that prepare students for religious vocations as ministers, professionals, or laypersons in ministry. Our programs include counseling, theism, education, administration, music, fine arts, media communications, or social work.
There are a variety of educational programs available at American International Theism University for students to join. These programs are designed to prepare students for real-life job experiences in their fields of choice. The majors available include Islamic Studies, counseling, social work, education, banking, finance, or business management. Students can choose to major in Grief Counseling, Education, Islamic Finance, or Business Administration for their degree programs.
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