Managerial Economics and Business Analysis
University/Institute: University of Illinois at Urbana-Champaign
Description
In the exceedingly fast-paced business world, growing business demands a clear grasp of how a firm obtains a competitive advantage in its operations, how the business cycle and monetary policies impact the firm’s ability to maximize shareholders’ wealth, and how to obtain and efficiently use data to develop actionable business strategies. The Managerial Economics and Business Analytics Specialization is targeted towards aspiring managers, senior managers, and business executives who wish to have a well-rounded knowledge of firm-level and country-level economics, modern financial institutions and central bank policies, and statistical data analysis and business decision-making.
The courses in this specialization will focus on microeconomics, macroeconomics, monetary policy, statistical analysis, and business decision-making. Topics covered include:
Analysis of the allocation of scarce resources and consumer and producer decision-making. Modeling the impact of external shocks on markets and government response to such market changes. Assess how changes in fiscal and government policies may influence the macroeconomic, financial, and business environment. Extract and act upon relevant information from financial and economic news. Make inferences about the population using appropriate sampling methods and statistics. Use predictive modeling and interpret the meaning of the results in a managerial setting.