Economics For Managers Course
Online
DURATION
8 Weeks
LANGUAGES
English
PACE
Part time
APPLICATION DEADLINE
12 Sep 2024
EARLIEST START DATE
18 Sep 2024
TUITION FEES
USD 1,850
STUDY FORMAT
Distance Learning
Introduction
See the world through the lens of economics and gain the knowledge and skills to craft a successful business strategy
Understanding concepts of economics—willingness to pay any price, fixed versus variable costs, economies of scale—is critical to business success. This course starts with the fundamentals of supply and demand—where they come from and why they're central to an understanding of business. You will learn how businesses think about pricing and production and powerful ideas like complements and network effects that firms rely on to generate demand. This course also dives into the functioning of markets, the force of competition, and strategies for differentiation.
In the process of exploring these ideas, you will learn how to develop the beginnings of a competitive strategy that will lead to a business thriving over time.
Participating in Economics for Managers will allow you to:
- Analyze the impact of market changes by constructing supply and demand curves
- Determine a revenue-maximizing pricing strategy using the concept of elasticity
- Evaluate techniques to learn about or increase demand
- Perform a relative cost analysis
- Examine the competitive landscape and market outcomes and forces
- Assess monopolies, price discrimination, and differentiation
The HBS Online Advantage
- World-class faculty
- Edge-of-your-seat online learning
- Global peer collaboration and networking
- Real-world, case-based learning
Harvard Business School Online offers a unique and highly engaging way to learn vital business concepts. Immerse yourself in real challenges faced by a diverse group of finance experts, including Rick Childs, Managing Member of 625 Ground Lessor LLC; Mike Even, former Global CIO for Citigroup Asset Management; Chris Hohn, founder of the Children’s Investment Fund; Henrik Poulsen, Chief Executive Director and Chief Investment Officer of PFA Asset Management; Dwight Scott, President of GSO Capital; Nikos Stathopoulos, Partner at BC Partners and Member of the BC Partners Executive Committee; and Matt Wilson, Co-Portfolio Manager and Managing Director of Oaktree Capital Management. Step into their shoes and wrestle with the same issues they faced, while engaging with fellow learners from around the world.
Ideal Students
Who Would Benefit
This course is for anyone looking to gain confidence in their understanding of economics to contribute to business discussions and decision-making. There are no prerequisites for the program. Economics for Managers is intended for individuals at all stages of their careers—college students and recent graduates, those considering an MBA or other graduate programs who would like to prepare for the classroom, or professionals looking to contribute more to business discussions and decision-making.
Admissions
Scholarships and Funding
We have financial aid and scholarship opportunities for U.S. citizens who are currently enrolled in an undergraduate or graduate degree program, as well as income-based scholarships for select courses. For more information, please visit our Payment & Financial Aid page for more information.
Curriculum
Program Structure
Economics of Managers consists of approximately 60 hours of material delivered over an eight-week period with a flexible program structure. There is no set time to log in. You complete the coursework on your own time while meeting regular deadlines. All course material is delivered through our innovative online platform.
Our learning model centers around the Harvard Business School case method, featuring interviews with business leaders and executives from companies around the world who candidly discuss challenges they've faced or obstacles they've overcome. We ask you to step into their shoes and engage with your peers to work through these real-world business scenarios.
Topics covered include:
- Demand & Supply
- Suppliers & Cost
- Markets
- Competition & Differentiation
Participants in Economics for Managers are eligible for a Certificate of Completion from Harvard Business School Online. To earn the certificate, you must successfully complete all coursework by the stated deadlines, including satisfactory performance on quizzes, and actively contribute to the vibrant learning community.
For those interested in learning business fundamentals more broadly, the 3-course CORe program—Business Analytics, Economics for Managers, and Financial Accounting are taken in tandem—is available for $2,250.
Syllabus
Economics for Managers applies fundamental economic principles to real-world business challenges. You will dive into topics like customer demand, supplier cost, markets, and competition. You will learn how businesses think about pricing, production, and differentiation. In the process, you will learn how to develop the beginnings of a competitive strategy that will lead to a business thriving over time.
Student Testimonials
English Language Requirements
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