University of Illinois Urbana-Champaign
Managerial Economics and Business Analysis Specialization
University of Illinois Urbana-Champaign

Managerial Economics and Business Analysis Specialization

Business Tools for Successful Execution. Apply economic theory and analytical tools to make effective business decisions.

Fataneh Taghaboni-Dutta, Ph.D., PMP, CSM, CSPO
Hadi Salehi Esfahani
Larry DeBrock

Instructors: Fataneh Taghaboni-Dutta, Ph.D., PMP, CSM, CSPO

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4.7

(2,752 reviews)

Beginner level
No prior experience required
3 months to complete
at 10 hours a week
Flexible schedule
Learn at your own pace
Get in-depth knowledge of a subject
4.7

(2,752 reviews)

Beginner level
No prior experience required
3 months to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Analyze macroeconomic and microeconomic variables at the firm and country levels.

  • Assess market characteristics and firm level behaviors as frameworks for making business decisions.

  • Explore asymmetries and externalities as forms of market failure and as best practices for equilibrium outcomes within market structures.

  • Create a business plan that requires the application of data analysis tools and interpretations of statistical findings.

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Taught in English

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Specialization - 4 course series

What you'll learn

  • Describe consumer behavior as captured by the demand curve and the supply curve.

  • Explain the impact of taxes and price controls on market equilibrium.

  • Explain elasticity of demand.

  • Describe cost theory and how firms optimize given the constraints of their own costs and an exogenously given price.

Skills you'll gain

Category: Cost Management
Category: Supply And Demand
Category: Production Management
Category: Resource Allocation
Category: Market Dynamics
Category: Consumer Behaviour
Category: Business Economics
Category: Tax
Category: Economics
Category: Price Negotiation

What you'll learn

  • Explain how different market structures result in different resource allocations.

  • Model the impact of external shocks to a particular market structure and demonstrate the new equilibrium price and quantity.

  • Explain when and why the government might intervene with regulatory authority or antitrust litigation to lessen inefficiencies in some markets.

  • Describe how information problems can cause inefficient outcomes.

Skills you'll gain

Category: Economics
Category: Game Theory
Category: Competitive Analysis
Category: Resource Allocation
Category: Business Economics
Category: Market Analysis
Category: Market Dynamics
Category: Supply And Demand
Category: Public Policies
Category: Decision Making

What you'll learn

  • Summarize large data sets in graphical, tabular, and numerical forms.

  • Understand the significance of proper sampling and why you can rely on sample information.

  • Use sample information to infer about the population with a certain level of confidence about the accuracy of the estimations.

  • Use Excel for statistical analysis.

Skills you'll gain

Category: Descriptive Statistics
Category: Sampling (Statistics)
Category: Statistical Inference
Category: Data Presentation
Category: Probability Distribution
Category: Statistics
Category: Data-Driven Decision-Making
Category: Data Analysis
Category: Exploratory Data Analysis
Category: Decision Making
Category: Statistical Analysis
Category: Microsoft Excel
Category: Business Analytics

What you'll learn

  • Test for beliefs about a population.

  • Compare differences between populations.

  • Use the linear regression model for prediction.

  • Learn how to use Excel for statistical analysis.

Skills you'll gain

Category: Regression Analysis
Category: Statistical Hypothesis Testing
Category: Statistical Analysis
Category: Statistical Inference
Category: Microsoft Excel
Category: Statistical Methods
Category: Business Analytics
Category: Analytics
Category: Probability & Statistics
Category: Predictive Analytics
Category: Data-Driven Decision-Making

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Build toward a degree

This Specialization is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹

 

Instructors

Fataneh Taghaboni-Dutta, Ph.D., PMP, CSM, CSPO
University of Illinois Urbana-Champaign
7 Courses73,199 learners

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