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Back to Managerial Economics: Buyer and Seller Behavior

Learner Reviews & Feedback for Managerial Economics: Buyer and Seller Behavior by Illinois Tech

4.1
stars
22 ratings

About the Course

Why are markets commonly believed to be the best way of allocating resources and organizing economic activity? This course will answer this critical question while examining its implications for pricing, market entry and exit, short-term and long-term business strategies, and the forecasting of key market variables. The course introduces fundamental topics in the economic analysis of markets, and some of the analytical tools used to study them, as a means to build an economic intuition and fostering an understanding of a variety of market conditions and market forces. After taking this course, you will be able to: - Explain the basics of supply and demand curves. - Characterize variable and fixed costs. - Identify short-run and long-run market exit prices. - Construct short-run and long-run supply curves. - Construct demand curves. - Identify short-run and long-run equilibria in competitive markets. - Predict short-run and long-run market prices. - Interpret a market price path. - Explain firm entry, exit, and profitability in competitive markets. Software requirements: None...

Top reviews

GY

Oct 6, 2023

The teacher is awesome, letting the complex demand/supply conception become so simplicity. It's really recommended.

TM

Feb 22, 2024

Really great presenter, good content and supporting materials. Quizes actually stimulating and challenging

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1 - 5 of 5 Reviews for Managerial Economics: Buyer and Seller Behavior

By Laurence D R

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Jan 1, 2024

Fantastic professor who motivates and leads people for whom those "maths and data" are difficult to understand (people like me more specialized in human factors area and without economics background). He has a wonderful way to make us understand, repeating materials at those moments we could give up, step by step to finally make us to be proud to pass successfully. He explains very well, good voice and language, perfect leadership . I totally recommend this course.

By Bryan G

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Oct 14, 2023

This was a really challenging subject for me. I actually had to watch videos several times and read material a few times to fully understand the curves and reactions of all the factors. The math wasn't too difficult once I understood what was going on.

By Garen Y

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Oct 7, 2023

The teacher is awesome, letting the complex demand/supply conception become so simplicity. It's really recommended.

By Todd M

•

Feb 23, 2024

Really great presenter, good content and supporting materials. Quizes actually stimulating and challenging

By Blues L

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Oct 16, 2023

Really good contents with perfect orientation !