Managerial Micro and Macroeconomics

Managerial Economics is a field of Economics focused on decision making process. The analytic methods applied and the case studies discussed during this module will guide students to successfully manage their companies in a wide variety of industries. The fundamental purpose of this course is to develop an economic way of thinking for managers. It helps them to succeed in a dynamic business environment and to overcome the impact of macroeconomic fluctuations.

The most relevant economic concepts and models are used to help managers and business owners to answer the questions like:

• “What pricing policy is optimal?”
• “What are the relevant costs of production in managerial decisions?”
• “What is the optimal response to these challenges?”
• “What is the impact of my competitors’ strategies on my company’s profit or market share?”