Learn managerial economics with online courses and programs
What is managerial economics?
At its core, managerial economics is a means of problem-solving that looks at the economic impact of one or more business decisions. Professionals in the field apply a blend of macro and microeconomic principles to analyze external and internal factors that impact their organization.
Unlike traditional economics, managerial economics focuses on the particular financial performance of a single business. Managers and other stakeholders determine the allocation of resources when making short- and long-term business decisions. Their goal is to maximize profit while minimizing the financial risks associated with different scenarios.
If you want to use your critical thinking skills to help drive your company’s success, start exploring edX courses that can help you get closer to a career in managerial economics. From economics fundamentals to industry-specific insights, you can gain the skills you need to succeed.
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Managerial economics course curriculum
Managerial economics involves a number of practical skills that can be useful for professionals in decision-making roles. An introductory course can help you build foundational skills for complex problem-solving, focusing on topics like:
Evaluating and forecasting project ideas from various perspectives
Analyzing financial statements
Using data analysis to inform managerial decisions
Understanding the market and the relationship between price and quantity
Other important aspects of managerial economics include accounting, finance, data analysis, and general economics. As you build on your knowledge, you may decide to delve deeper into one or more of these subjects to gain a holistic view of financial decision-making.
edX offers online courses that allow learners to study a variety of topics including business, management, economics, and much more. Sign up for an accelerated boot camp or enroll in a full degree program and start working toward a bachelor's degree or (for more advanced learners) a master’s degree in a relevant subject. You can also explore executive education programs specifically designed for busy professionals.
Explore managerial economics jobs
Financial health is imperative to long-term business success. No matter your role or industry, being able to identify challenges and apply economic thinking to solving them can give you a competitive edge.
Here are some job titles that can optimize resources, maximize profits, and help achieve organizational goals:
Financial analyst: Analyzes financial data and economic indicators to provide insights for investment decisions, risk assessment, and financial planning.Footnote 1
Operations manager: Utilizes economic concepts to streamline processes, allocate resources efficiently, and enhance overall operational effectiveness.Footnote 2
Marketing manager: Incorporates economic analysis to determine pricing strategies, assess consumer behavior, and develop effective marketing campaigns.Footnote 3
Data analyst: Uses economic principles to extract meaningful insights from data, identify trends, and support evidence-based decision-making.Footnote 4
Real estate developer: Applies economic insights to assess property values, market demand, and potential returns on real estate investments.Footnote 5
Each of these roles will have different education and skills requirements. For example, you may be able to build relevant skills in a data analytics boot camp. However, some employers may seek candidates with a degree in business, depending on the role. Before deciding on a specific learning path, research the positions you hope to pursue and align your coursework with your career goals.