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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The manager of a firm plays a very important role in handling the smooth functioning of the company. The manager is one of the key people involved in the day-to-day operations of any business. The Certificate Course in Introduction to Managerial Economics will help you understand the contribution and criticality of a manager’s role.
The Introduction to Managerial Economics training is a six-week online course. The programme has a comprehensive curriculum designed on a postgraduate level. The core certificate programme is an instructor-led course. It is going to be taught by Subhashish Gupta, a professor at the Indian Institute of Management Bangalore.
The online Introduction to Managerial Economics course will take you through The functioning of today’s markets and industries. It will also help you understand the nuances of supply and demand along with other concepts like taxes and subsidies, measures of productivity, making critical decisions in the work-space, and pressures faced by a manager.
The Highlights
- Online classes
- Extensive and updated syllabus
- Trained faculty
- Valid certificate
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | IIM Bangalore |
Eligibility Criteria
To get your certificate in Introduction to Managerial Economics Course, you must have a 40% score in internal assignments and final tests.
What you will learn
After you complete the Introduction to Managerial Economics online programme, you will have an expert understanding about:
- Thorough knowledge of how the market works along with concepts of supply, demand, and market equilibrium.
- Control on the production of goods and services, quality checks, and consumer needs.
- Ability to make efficient and effective decisions in the workplace.
- Costing and budgeting for optimum performance of the company.
- Dealing with crises and emergencies.
Who it is for
The Certified Course in Introduction to Managerial Economics is for individuals like:
- Graduates
- Fresher
- Executives willing for better managerial positions
- Junior managers
- Anyone willing to upskill
Admission Details
Swayam has an easy process for enrollment in the online Introduction to Managerial Economics Course training:
- Log onto the course’s official webpage.
- This page encloses all the important course details.
- Proceed with the registration by signing up as a user with Swayam.
- Register by providing all the necessary data.
- Once the sign up is completed, you can start the course.
Application Details
The Introduction to Managerial Economics training course does not require an application form. The candidate can enrol for the course by simply registering as a user with Swayam. To register, the candidate must provide the email ID, username, and the Swayam password.
The Syllabus
- What is Economics?
- Microeconomics vs Macroeconomics
- Why should students of Business learn Microeconomics?
- Market Economies
- Production Possibility Frontier
- The Demand Curve
- Factors that Affect Demand
- The Supply Curve
- Factors that affect Supply
- The Equilibrium • Divergence from the Equilibrium Price
- Effects of changes in business environment on the equilibrium
- Price Elasticity of Demand and Supply
- Income Elasticity and Cross Price Elasticity
- The Production Function
- Behaviour of Average and Marginal Products
- Law of Diminishing Returns
- Productivity in the Long Run
- Scale and Scope of Production
- Costs of Different types
- Behaviour of average and marginal costs
- Relationship between costs and productivity
- Costs in the long run
- Markets of Different types
- Perfectly Competitive Market
- Profits in a perfectly competitive Market
- Perfect competition in the long run
- Monopoly
- Profits in a monopolistic market
- Sources of Monopoly Power
- The Multi-product firms
- Monopolistic Competition
- Oligopoly
- Different Models of Oligopoly
- Why do markets Fail
- Game Theory: A strategic understanding
Evaluation process
To complete your Introduction to Managerial Economics training programme, you have to appear for a computerised examination that is scheduled after the course is over. This test accounts for a total of 75% of the overall result. You must score a minimum of 40% in the exam to qualify for the certificate. The exam will take place at an exam centre that will be assigned to the students.
Instructors
IIM Bangalore Frequently Asked Questions (FAQ's)
The Introduction to Managerial Economics programme does not need mandatory prior knowledge of economics.
Generally, the average salary for a manager at a leading firm is between seven to twelve lakhs.
No.
No, the final exam is a computerised test that will take place at the designated exam centres.
Yes, the Certified Course in Introduction to Managerial Economics will be taught by Subhashish Gupta. He teaches at the Indian Institute of Management Bangalore.