About this Course

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Learner Career Outcomes

50%

got a tangible career benefit from this course

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 16 hours to complete

English

Subtitles: English

Skills you will gain

EconomicsConsumer BehaviourSupply And DemandCost

Learner Career Outcomes

50%

got a tangible career benefit from this course

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 16 hours to complete

English

Subtitles: English

Offered by

University of Illinois at Urbana-Champaign logo

University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

Syllabus - What you will learn from this course

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Week
1

Week 1

1 hour to complete

Course Orientation

1 hour to complete
1 video (Total 2 min), 4 readings, 1 quiz
4 readings
Syllabus10m
About the Discussion Forums10m
Glossary10m
Updating Your Profile10m
1 practice exercise
Orientation Quiz30m
3 hours to complete

Module 1: Scarcity, Allocation, and Markets

3 hours to complete
7 videos (Total 81 min), 2 readings, 3 quizzes
7 videos
1-1.2. Opportunity Costs5m
1-1.3. Demand Curves13m
1-2.1. More on the Demand Curve10m
1-2.2. Movements Along vs. Shifts in the Demand Curve8m
1-2.3. Constructing the Supply Curve9m
1-2.4. Movements to New Equilibrium14m
2 readings
Module 1 Overview10m
Module 1 Readings10m
3 practice exercises
Lesson 1-1 Practice Quiz30m
Lesson 1-2 Practice Quiz30m
Module 1 Quiz30m
Week
2

Week 2

4 hours to complete

Module 2: Government Intervention in Markets

4 hours to complete
10 videos (Total 86 min), 2 readings, 4 quizzes
10 videos
2-1.2. Government Intervention3m
2-1.3. Direct Price Controls: Price Floors12m
2-1.4. Direct Price Controls: Price Ceilings11m
2-2.1. The Price You Pay at the Pump2m
2-2.2. Excise Taxes20m
2-2.3. The Incidence of Taxation8m
2-3.1. Higher Tuition Yet More College Applications2m
2-3.2. Responsiveness of Quantity Demanded and Elasticity8m
2-3.3. Elasticity Along a Linear Demand13m
2 readings
Module 2 Overview10m
Module 2 Readings10m
4 practice exercises
Lesson 2-1 Practice Quiz30m
Lesson 2-2 Practice Quiz30m
Lesson 2-3 Practice Quiz30m
Module 2 Quiz30m
Week
3

Week 3

4 hours to complete

Module 3: Firms, Production, and Costs

4 hours to complete
14 videos (Total 115 min), 2 readings, 3 quizzes
14 videos
3-1.2. Types of Firms15m
3-1.3. Behavior Rule9m
3-1.4. Behavior Rule – Part 217m
3-1.5. Law of Diminishing Marginal Returns14m
3-2.1. Cost Curves1m
3-2.2. Derive Short Run Total Cost Family of Curves11m
3-2.3. Derive Short Run Average Cost Family of Curves6m
3-2.4. Derive Short Run Average Cost Family of Curves - Part 22m
3-2.5. Derive Short Run Average Cost Family of Curves - Part 36m
3-2.6. The Definition of Marginal Cost5m
3-2.7. Derive Shape of the Marginal Cost Curve - Part 16m
3-2.8. Derive Shape of the Marginal Cost Curve - Part 27m
3-2.9. Derive Shape of the Marginal Cost Curve - Part 38m
2 readings
Module 3 Overview10m
Module 3 Readings10m
3 practice exercises
Lesson 3-1 Practice Quiz30m
Lesson 3-2 Practice Quiz30m
Module 3 Quiz30m
Week
4

Week 4

4 hours to complete

Module 4: Firm Behavior

4 hours to complete
10 videos (Total 72 min), 3 readings, 4 quizzes
10 videos
4-1.2. Firm Optimization Behavior - Part 29m
4-1.3. Maximizing Profit8m
4-1.4. Maximizing Profit Graphically - Part 15m
4-1.5. Maximizing Profit Graphically - Part 26m
4-2.1. Showing Points on a Graph - Part 16m
4-2.2. Showing Points on a Graph - Part 26m
4-2.3. Profits After Total Cost Changes10m
4-2.4. Short Run Shutdown Decisions7m
4-2.5. Graphing Shutdown Conditions8m
3 readings
Module 4 Overview10m
Module 4 Readings10m
Module 4 Peer Review Explanation10m
3 practice exercises
Lesson 4-1 Practice Quiz30m
Lesson 4-2 Practice Quiz30m
Module 4 Quiz30m

About the Managerial Economics and Business Analysis Specialization

In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environment they operate in. In this Specialization, you will build a solid understanding of the operation of markets and the macro-economic environment with real-world examples. You will be able to identify firm and country-level economic factors that impact business decisions, develop an analytical framework using statistical tools, and apply economic theory and data in the analysis of business environment and trends to make effective business decisions. The capstone project involves an in-depth analysis of an actual business situation in which you will examine the global economic environment of a business. The final project will be a business plan that uses statistical tools and economic theory to create a comprehensive analysis of the microeconomic and macroeconomic environment in which the focal company operates. This Specialization is part of the University of Illinois Masters of Business Administration degree program, the iMBA. Learn more about the admission into the program here and how your Coursera work can be leveraged if accepted into the program. You can also start with for-credit courses within the Illinois iMBA degree program....
Managerial Economics and Business Analysis

Frequently Asked Questions

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