Introduction to Managerial Economics

By Subhashish Gupta | Indian Institute of Management Bangalore

Learners enrolled: 5680

A successful manager makes good decisions. To make good decisions, you need to understand the market forces that impact your business and personal life. This is true for managers in large multinationals or small businesses, in non-profit organizations or in the government. Individuals and households also make decisions. They decide on what to learn, where to work, how much to save, where to invest, and what goods to buy, among others. Most modern societies depend on markets to organize economic activity: they are market economies. Many decisions you make as individuals or as managers relate to markets. So, it is important for you to know how markets work and how to make good decisions as a manager or as an individual operating in a market environment. This is what this course will teach you.

Most business schools have a course on Managerial Economics as part of the MBA curriculum. Exposure to Economics is essential for all students of management. This course will provide a simple introduction to Managerial Economics and use minimum mathematics.

What you will learn:

• How markets work; supply, demand, and market equilibrium

• Elasticity of supply and demand, taxes, and subsidies

• Production of goods and services, measures of productivity

• Making decisions for hiring and spending on infrastructure

• Opportunity costs, different cost concepts, planning for the future

• Pricing and selling decisions with different types of competitive pressures

• Problems with markets and what we can do about it

Summary

Course Status :	Completed
Course Type :	Core
Language for course content :	English
Duration :	6 weeks
Category :	Management Studies
Credit Points :	2
Level :	Postgraduate
Start Date :	31 Jul 2023
End Date :	31 Oct 2023
Enrollment Ends :	09 Sep 2023
Exam Date :	30 Nov 2023 IST

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1: How Markets Work?
Week 2: Demand, Supply and Equilibrium

Week 3: Production and Cost

Week 4: Markets - Part 1

Week 5: Markets - Part 2

Click here for Syllabus

Books and references

Managerial Economics by Ivan Png.

Instructor bio

Subhashish Gupta

Indian Institute of Management Bangalore

Subhashish Gupta is a Professor at the Indian Institute of Management Bangalore. He has been teaching Managerial Economics to MBA students and in Executive Education programs for more than 15 years. His research interests are in microeconomics and industrial organization theory, particularly in the fields of telecommunications, antitrust economics, economics of organizations and marketing.

Course certificate

Enrolling and learning from the course is free. However, if you wish to obtain a certificate, you must register and take the proctored exam in person at one of the designated exam centre’s. The registration URL will be announced when the registration form is open. To obtain the certification, you need to fill out the online registration form and pay the exam fee. More details will be provided when the exam registration form is published, including any potential changes. For further information on the exam locations and the conditions associated with filling out the form, please refer to the form.

Grading Policy:

Assessment Type	Weightage
Mid-Term & End-Term	25%
Final Exam	75%

Certificate Eligibility:

40% marks and above in Mid Term & End Term
40% marks and above in the final proctored exam

Score	Type of Certificate
>=90	Gold
75 - 89	Silver
70 - 74	Bronze
40 - 70	Successfully Completed
<40	No Certificate

Sample Certificate:

Disclaimer: In order to be eligible for the certificate, you must register for enrolment and exams using the same email ID. If different email IDs are used, you will not be considered eligible for the certificate.

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