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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

Managerial skill

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

Economist

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)

1: Do I need to have an economics background to pursue this course?

The Introduction to Managerial Economics programme does not need mandatory prior knowledge of economics.

2: What is the average pay of a manager at a leading MNC?

Generally, the average salary for a manager at a leading firm is between seven to twelve lakhs.

3: Will I get job assistance from Swayam?

No.

4: Will the final exam for Introduction to Managerial Economics be a written-test?

No, the final exam is a computerised test that will take place at the designated exam centres.

5: Is Introduction to Managerial Economics a professor-led course?

Yes, the Certified Course in Introduction to Managerial Economics will be taught by Subhashish Gupta. He teaches at the Indian Institute of Management Bangalore.