Managerial Economics For Strategic Planning

Managerial Economics assists the managers of a firm in a rational solution of obstacles faced in the firm’s activities. It makes use of economic theory and concepts. It helps in formulating logical managerial decisions.

Course Objectives: 
  • To educate managers and leaders who wish to be involved with the strategic direction of their organizations. 
  • To allow managers to gain perspective on the economic headlines that comes at them daily from television, radio, and the newspaper.
  • To allow managers to cope with organizational change driven by economic variables.
  • To enable managers to lead their staff by educating them the need for change towards efficiency as a result of economic changes such as globalization and AFTA.
Target Audience: 
Project Manager
Course Methodology: 

Presentations, role-plays, group discussion, lectures

Course Outlines: 

Introduction To Economics

  • Basic Questions in Economics 
  • Market Demand and Supply 
  • Price Controls 
  • Market Failures and Externalities 

Production Costs

  • Types of Cost 
  • The Short-Run and The Long-Run 
  • Economies and Diseconomies of Scale 
  • Profit Maximization 
  • Shut-Down And Break-Even Points 

Types of Competition 

  • Perfect Competition 
  • Monopoly 
  • Monopolistic Competition 
  • Oligopoly 

Macroeconomics: The Problems And Solutions 

  • GDP and Economic Growth 
  • Business Cycles 
  • Unemployment 
  • Inlation 

Fiscal Policy 

  • Expansionary Policy 
  • Contractionary Policy 
  • Controlling Recession 
  • Controlling Inflation 

Money and Banking 

  • Functions of Money 
  • Money Supply : M1, M2 and M 3 
  • Principles of Banking 
  • Functions of Central Bank 

Monetary Policy 

  • Reserve Ratios 
  • Open Market Operations 
  • Controlling Unemployment 
  • Controlling Inflation 

International Trade and Finance 

  • Absolute versus Comparative Advantage 
  • Free Trade and Protectionism 
  • Balance of Trade and Balance of Payments 
  • Foreign Exchange Rates

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Contact Us

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Jimmy Ong Tel: ‭+60 16 216 1383‬ (Call on Whatsapp for free)