Economic Analysis for

Business and Strategic

Decisions

Course Description:

This course provides a clear and concise introduction to managerial economics. The course managerial economics is offered in a variety of titles including business economics, economic analysis for business decisions, economics for management decisions, etc. at both the undergraduate and graduate levels.

It focuses on the fundamentals and essentials needed to understand how business decisions are made and tackled using economics and quantitative tools. It illustrates decisions with many solved problems to test and help students reinforce their understanding of the subject. Further, many business professionals can benefit from this course. The reader is assumed to have done some introductory-level work in economics. A minimal amount of background in college-level math and statistics is also expected.

This course extensively and intensively shows the application of economic theory and concepts to real-life business decisions. It consists of questions and problems along with their answers and suggested solutions.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Explain and list the functions associated with managerial economics
• Identify the sources and give examples of accounting profits
• Describe the role of economic profits
• Compute and define the concept of time value of money
• Analyze and detail the process of deriving the present value