Description
Microeconomics focuses on issues that affect individuals and companies. This could mean studying the supply and demand for a specific product, the production that an individual or business is capable of, or the effects of regulations on a business. Microeconomics shows how and why different goods have different values, how individuals make more efficient or more productive decisions, and how individuals best coordinate and cooperate with one another.
Designed for Middle and Senior Managers, this comprehensive course in micro-economics introduces the core concepts of market economics, essential for the analysis and interpretation of market conditions and strategic decision making in the business.
COURSE DETAILS
- Suitable For: Middle and Senior Managers
- Course Duration: 20 Hours
- Access Duration: You will have access to your course for 90 days from date of purchase
- Certification: Download your Certificate on completion
- Additional Resources: Download Learners manual, additional articles and worksheets.
COURSE CONTENTS
This course comprises the following lessons:
Lesson 1 – Getting Started
Video – What is Economics?
SECTION 1: CORE CONCEPTS
Lesson 2 – Understanding Economics
Video – Macro versus Micro Economics
Lesson 3 – Supply and Demand
Economics of the Marketplace – Quiz 1
SECTION 2: UNDERSTANDING CONSUMER CHOICE
Lesson 4 – Understanding Elasticity
Video – Elasticity of Demand
Economics of the Marketplace 5 – Consumer Choices 1
Video – What is Consumer Choice
Lesson 6 – Consumer Choices 2
Video – The Income and Substitution Effects
Lesson 7 – Consumer Choices 3
Video – The Labor-Leisure Trade-off
Economics of the Marketplace – Quiz 2
SECTION 3: UNDERSTANDING COMPETITION
Lesson 8 – Perfect Competition
Video – Introduction to Perfect Competition
Lesson 9 – Understanding Monopolies
Video – Introduction to Monopolies
Lesson 10 – Monopolistic Competition 1
Video – Monopolistic Competition
Lesson 11 – Monopolistic Competition 2
Economics of the Marketplace – Quiz 3
SECTION 4: UNDERSTANDING OLIGOPOLY
Lesson 12 – Understanding Oligopolies 1
Video – Oligopolies and Game Theory
Lesson 13 – Understanding Oligopolies 2
Economics of the Marketplace – Quiz 4
Lesson 14 – Wrapping-up
Economics of the Marketplace – Course Evaluation
CERTIFICATION: DOWNLOAD YOUR CPD CERTIFICATE ON COMPLETION
