What Will Learn?
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 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.
American International Theism University is authorized by the State of Florida, Department of Education Commission on Independent Education, Section 1005.06(1)(f), to award Associate, Bachelor, Master and Doctorate Degrees.
The American International Theism University is accredited by Accreditation Service for International Schools, Colleges and Universities (ASIC). ASIC accreditation helps students and parents make a more informed choice and will also help a school, college, university, training provider or distance education provider, demonstrate to the international student body that they are a high quality institution.
ASIC is recognised by UKVI in UK, is a member of the CHEA International Quality Group (CIQG) in USA and is listed in their International Directory, is a member of the BQF (British Quality Foundation) and are institutional members of EDEN (European Distance and E-Learning Network).