Learning Outcomes

In this free course, you will learn how to:

• Define 'economics'
• Explain microeconomics
• Discuss managerial economics
• Recall the basic concepts in managerial economics
• Identify economic systems
• Contrast the market economy to the command economy
• Define 'economic functions'
• Categorize economic functions
• Explain the use of the slope and the derivative of an economic function
• Contrast the substitution technique to the Lagrange multiplier
• Discuss optimization techniques
• Contrast the regression technique to the least square method