Course information

Economics for Managers Masterclass Course Outline

Module 1: Introduction to Microeconomic Analysis

  • Managers and Economics
  • Demand, Supply, and Equilibrium Prices
  • Demand Elasticities
  • Techniques for Understanding Consumer Demand and Behaviour
  • Production and Cost Analysis in the Short and Long Run
  • Market Structure: Perfect Competition
  • Market Structure: Monopoly and Monopolistic Competition
  • Market Structure: Oligopoly
  • Pricing Strategies for the Firm

Module 2: Macroeconomic Analysis

  • Measuring Macroeconomic Activity
  • Spending by Individuals, Firms, and Governments on Goods and Services
  • Role of Money in the Macro Economy
  • Aggregate Model of the Macro Economy
  • International and Balance of Payments Issues in the Macro Economy

Module 3: Integration of the Frameworks

  • Combining Micro and Macro Analysis for Managerial Decision Making
    • Shifting Product Demand
    • Oligopolistic Behaviour
    • Strategies to Offset Shifting Demand
    • Cost-Cutting Strategies
    • Innovations for Different Tastes
    • Economic and Political Issues

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Who should attend this Economics for Managers Masterclass?

The Economics for Managers Masterclass is tailored for professionals across various sectors who want to enhance their understanding of economic principles and their application in business decision-making. This masterclass is suitable for a wide range of individuals, including:

  • Business Managers
  • Entrepreneurs
  • Financial Analysts
  • Marketing Managers
  • Supply Chain Managers
  • Consultants
  • Sales Managers
  • Policy Analysts

Prerequisites of the Economics for Managers Masterclass 

There are no formal prerequisites required for the Economics for Managers Masterclass s. However, a basic familiarity with business concepts can be beneficial.

 

Economics for Managers Masterclass Course Overview

Managerial economics is defined as the branch of economics that deals with employing various concepts, theories, and methodologies of economics to solve practical problems in business management. Managerial economics helps businesses to get solutions for their various problems. It helps professionals and managers determine the benefits' planning and control. Managerial economics also aids to covers the gap between the problems of logic and policy problems. This Economics for Managers Training will enable individuals to drive critical business decisions. Pursuing this Economics for Managers Masterclass training course will help individuals excel in highly reputed jobs with upgraded salaries.

In this 1-day Economics for Managers Masterclass training, delegates will learn how to apply the fundamental concepts of economics to drive critical business decisions and successfully compete in the marketplace. During this training, delegates will learn various topics such as demand, supply, and equilibrium prices, macroeconomic analysis, the role of money in the macro economy, integration of the frameworks, pricing strategies for the firm, etc. Our experienced instructor with years of experience in providing interactive training courses will teach this course and help the delegates to gain the insights required to use Managerial Economics practices to make important business decisions.

They will also learn various such as:

  • To learn various ways to do Microeconomic analysis
  • To measure macroeconomic activity effectively
  • To aggregate model of the macro economy
  • To understand various roles of money in the macro economy
  • To Pricing strategies for the firm

At the end of this training, delegates will be able to solve the management problems and determine which economic concepts can be employed to meet their organisational objectives. They will also be able to approach pricing strategy, evaluate market demand, and differentiate offerings, so they can drive critical business decisions and successfully compete in the marketplace.

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What’s Included in this Economics for Managers Masterclass 

  • World-Class Training Sessions from Experienced Instructors
  • Economics For Managers Certificate
  • Digital Delegate Pack

Why choose us

Our New Delhi venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

New Delhi is one of the districts within Delhi, as well as it being the capital city of India, it is also the home to the Government of the National Capital Territory of Delhi and some of the branches of the Government of India, these being the judiciary, executive and legislative branches and is also home to around 249,998 people. The capital of India - New Delhi was initiated within 1931 by Viceroy Lord Irwin however formed during 1911 by George V, who was the King of the United Kingdom as well as the Emperor of India and his British architects Sir Herbert Baker and Sir Edwin Lutyens formed the foundation stone and announced the capital city of India would be changed. The primary schools and secondary schools within New Delhi are either run privately or by the government and as of 2004 to 2005 there was around 1.5 million students going through the educational system within 2416 primary schools, 822,00 students in 715 middle schools and 669,000 students in 1576 secondary schools and around 500,000 students within 165 universities and colleges. All universities are either state, deemed or central universities, The top universities within New Delhi are the Jamia Millia Islamia, the University of Delhi, Indian Statistical Institute, National Law University, Jawaharlal Nehru University, Guru Gobind Singh Indraprastha University, Ambedkar University Delhi, Jamia Hamdard, Delhi Technological University – which is the first Engineering college within Delhi and one of the oldest in India, the Indira Gandhi National Open University is the largest national university in the world with over 4 million students, New Delhi is also home to the Indian Agricultural Research Institute, Pusa, New Delhi, Premier institute for agricultural research and education in India. The university courses and programs can offer different types of degrees such an undergraduate and post graduate courses, Bachelor courses and Scholarships, New Delhi prides itself on its premier institutions as the teaching and researching they do means that within 2011 the census recorded the literacy rate for females as 80.9% and for males it was slightly higher at 91.0% with an overall literacy rate of 86.3%. Subjects within the different universities can include, social sciences, engineering, humanities, technology, sports, law, social work, arts, management, education, computer information technology, foreign languages, mathematical science, dentistry and medical. 

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Address

Pioneer Institute of Education and Computer Studies
F322/A, 3rd Floor
Adarsh House (Above PNB Bank)
Old MB Road
Lado Sarai
New Delhi
110030

T: +91 8037244591

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Management Training | Economics For Managers Masterclass in New Delhi. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Management Training | Economics For Managers Masterclass in New Delhi, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Experience the most sought-after learning style with The Knowledge Academy's Management Training | Economics For Managers Masterclass in New Delhi. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Management Training | Economics For Managers Masterclass in New Delhi sessions.

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What our customers are saying

Management Training | Economics For Managers Masterclass in New Delhi FAQs

A manager is an individual who is responsible for a part of a company, i.e., they 'manage' that company's activities. Managers may be in charge of a department and the people working in a company.
There are no formal prerequisites to attend this Economics for Managers Masterclass training.
This Economics for Managers Masterclass training is ideal for anyone who wants to enhance their career prospects as successful managers in prominent organisations.
Marginal and incremental, equi-marginal, opportunity cost, time perspective, and discounting are the principles of managerial economics.
Liberal, normative, and radical managerialism are three types of managerial economics.
This course is [ 1 ] day(s)
Managerial economics provides managers with cost control and profit planning methods that help increase business profitability. It plays an influential role in the planning and decision-making management of the internal affairs of the business.
During this Economics for Managers Masterclass training, you will learn to apply economics concepts to drive critical business decisions and successfully compete in the marketplace. You will also learn concepts like demand, supply, and equilibrium prices, macroeconomic analysis, the role of money in the macro economy, integration of the frameworks, pricing strategies for the firm, and many more topics that will help you become adept in using economics principles.
The training fees for Economics for Managers Coursein New Delhi starts from INR24995
The Knowledge Academy is the Leading global training provider for Economics for Managers Course.
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Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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