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 Detroit 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.

Detroit is the largest city in the state of Michigan, United States. It is located on the United States-Canada border and has a population of around 680,000 people. Denver’s growth is mostly to be credited to the expansion of the automobile industry as they supplied a lot of automotive support for the Allied powers during World War II. Detroit Public Schools govern 66,000 students and it is the largest district in Michigan. Detroit also has a population of charter school students at a rate of about 56,000 pupils. There are many private schools in Detroit including 110 Roman Catholic grade schools which are operated by the Archdiocese of Detroit. Detroit is home to many further education establishments including Wayne State University, University of Detroit Mercy, University of Detroit Mercy School of Law and Sacred Heart Major Seminary. Wayne State University is a national research university which focuses on medical and law majors but offers hundreds of other different academic programs. The University of Detroit Mercy is a Roman Catholic co-educational facility which is affiliated with Sisters of Mercy and Society of Jesus. It provides a wide variety of different academic degrees in a range of different subjects including dentistry, law, architecture and nursing. Sacred Heart Major Seminary is affiliated with the Pontifical University of Saint Thomas Aquinas, Angelicum in Rome. It was founded in 1919 and provides students with pontifical degrees and civil graduate or undergraduate degrees. Students are welcome to be clerical or lay. The University of Michigan was originally established in Detroit in 1817 but was then moved to Ann Arbor in 1837. Other further education facilities include the College for Creative Studies, Lewis College of Business and Marygrove College. The Michigan State University College of Osteopathic Medicine based in East Lansing also has a satellite campus based in the Detroit Medical Center. 

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Address

Detroit, Michigan

T: +1 7204454674

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 Detroit. 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 Detroit, 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.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Team building opportunity

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What our customers are saying

Management Training | Economics For Managers Masterclass in Detroit 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 Detroit starts from $1295
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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