Managerial Economics

Make better business decisions by applying the core principles of managerial economics. This course explains opportunity costs, marginal analysis, price elasticity, and the economics of individual behavior, and then connects these concepts to production decisions, input selection, and pricing strategy. You will also examine market structures and competitor behavior, building the economic foundation needed to analyze costs, set prices, and guide strategic business choices.
Format

PDF Course

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Duration

4 Hours

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Course Information

Author: Steven Bragg
Course Number: EC0002

Table of Contents
Chapter 1. Essentials of Managerial Economics
Chapter 2. Supply and Demand
Chapter 3. Price Elasticity
Chapter 4. The Economics of Individual Behavior
Chapter 5. The Economics of Production
Chapter 6. The Economics of Production Inputs
Chapter 7. Economic Differences Between Industries
Chapter 8. Pricing Strategies and Tactics

Learning Objectives
  • Identify the core principles of effective decision-making.
  • Specify how marginal analysis is used.
  • Identify how demand at various price points can be shifted.
  • Specify how price ceilings and floors impact consumers.
  • Identify when elastic and inelastic demand exists.
  • Recall the nature of consumer equilibrium.
  • Specify the factors that influence the quantity of goods that can be produced.
  • Specify what measure is used as a feedback loop for short-term production decisions.
  • Specify the nature of economies of scale and scope.
  • Identify the circumstances under which it makes the most sense to acquire inputs under the terms of a contract.
  • Recall the measurements used to determine the level of industry concentration.
  • Recall the characteristics, advantages, and disadvantages of the different pricing strategies.
  • Specify the circumstances under which price leadership is a valid option.
  • Identify the circumstances under which the various pricing tactics can be used.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Economics
Prerequisites: None
Advance Preparation: None
Latest Review Date: October 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.