Author :  Jae K. Shim, Ph.D., CPA 
Status :  Production 
CPE Credits :  11.0 
IRS Credits :  0 
Price :  $97.95 
Passing Score :  70% 
NASBA Technical:  Yes 
Primary SubjectField Of Study:  Economics  Economics for Course Id 892 
Description : 
This course provides a clear and concise introduction to managerial economics. The course managerial economics is offered in a variety of titles including business economics, economic analysis for business decisions, economics for management decisions, etc. at both the undergraduate and graduate levels.

Usage Rank :  0 
Release :  2015 
Version :  1.0 
Prerequisites :  None. 
Experience Level :  Overview 
Additional Contents :  Complete, no additional material needed. 
Additional Links : 
Economic Analysis for Business Decisions Sloan School of

Advance Preparation :  None. 
Delivery Method :  SelfStudy 
Intended Participants :  Anyone needing Continuing Professional Education (CPE). 
Revision Date :  26Nov2015 
NASBA Course Declaration :  Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. 
Approved Audience :  NASBA QAS  NASBA Registry  892 
Keywords :  Economics, Economic, Analysis, Business, Strategic, Decisions, Managerial, Economics, 2015, cpe, cpa, online course 
Learning Objectives : 
Chapter 1
2. Recognize the difference between value maximization and profit maximization. 3. Identify profitmaking motives for companies. 4. Recognize how marginal analysis is used for business decisions. Chapter 2
2. Recognize the characteristics of a mathematical concepts in optimization techniques. 3. Recognize different goals for economic optimization. Chapter 3
2. Identify examples of complementary goods. 3. Recognize the uses for the point price elasticity concept. 4. Identify how factors, such as technology, change the supply curve. Chapter 4
2. Identify methods for predicting how buyers might respond to product changes. 3. Recognize different terms used in quantitative demand analysis. 4. Identify how some of the problems in estimating demand. Chapter 5
2. Identify how econometric forecasting methods are constructed. 3. Recognize lagging and leading barometric forecasting economic indicators. 4. Identify characteristics of inputoutput analysis. Chapter 6
2. Recognize output and input relationships under the law of diminishing returns. 3. Identify the purpose of an expansion path in illustrating relationships between capital and labor. Chapter 7
2. Define the objective function. 3. Identify implications of different slack variables. 4. Recognize applications for linear programming. 5. Define the isoprofit curve. Chapter 8
2. Recognize how incremental (differential) costs vary with business decisions. 3. Identify the costs most relevant to managerial decisions. 4. Identify examples of the learning curve effect. 5. Define a costvolumeprofit (CVP) analysis. Chapter 9
2. Recognize attributes for firms in a monopolistic competitive industry. 3. Define the concentration ratio used to determine monopolistic behavior. Chapter 10
2. Determine optimal pricing based on price elasticity. 3. Identify examples of peak load pricing. 4. Recognize pricing policies used during initial product launches. Chapter 11
2. Define the cost of capital for a firm. 3. Identify how to determine the postaudit review values. Chapter 12
2. Recognize factors and attributes involved in risk. 3. Identify the purpose of the decision tree. Chapter 13
2. Identify departments within the federal government responsible for enforcing antitrust regulations and the powers they use to enforce the regulations. 
Course Contents :  Chapter 1: The Fundamentals of Managerial Economics Learning Objectives: The Management Decision Making Process Profits Profit Maximization and Marginal Analysis Wealth Maximization Chapter 1 Review Questions Chapter 2: Optimization Techniques Learning Objectives: Differential Calculus Profit Maximization Constrained Optimization Lagrangean Multiplier Technique Marginal Analysis versus Incremental Analysis Chapter 2 Review Questions Chapter 3: Market Forces: Demand and Supply Learning Objectives: Demand and Revenue Elasticity of Demand Constant Elasticity Supply Function Market Equilibrium Chapter 3 Review Questions Chapter 4: Quantitative Demand Analysis Learning Objectives: Econometrics and Regression Analysis Regression Statistics Use of Excel for Regression Chapter 4 Review Questions Chapter 5: Economic and Business Forecasting Learning Objectives: Who Uses Forecasts? Types of Forecasts Forecasting Methodology Selection of Forecasting Method The Qualitative Approach Naive Models, Moving Averages, and Smoothing Methods Trend Analysis Economic Forecasting Measuring Accuracy of Forecasts Chapter 5 Review Questions Chapter 6: Theory of Production Learning Objectives: Production Function Measures of Productivity The Stages of Production Returns to Scale Output Elasticity and Returns to Scale Chapter 6 Review Questions Chapter 7: Multiple Product Planning and Linear Programming Learning Objectives: Applications of LP Activity Analysis and Single Product ProfitMaximization Problem Chapter 7 Review Questions Chapter 8: Cost: Theory and Analysis Learning Objectives: Cost Functions Stages of Production and ShortRun Cost Curves Long Run Cost Curves  Planning Curves Statistical Cost Analysis Types of Costs Incremental Analysis versus Marginal Analysis Relevant Costs Learning Curve CostVolumeProfit and BreakEven Analysis Graphical Approach in a Spreadsheet Format Chapter 8 Review Questions Chapter 9: Markets and the Behavior of the Firm Learning Objectives: Perfect Competition LongRun Monopolistic Competition Oligopoly Monopoly Industry Concentration Chapter 9 Review Questions Chapter 10: Pricing Policies and Strategies Learning Objectives: CostBased Pricing Optimal Pricing Policy and Price Elasticity Markup Pricing and Profit Maximization Strategies That Yield Even Greater Profits Strategies for Special Cost and Demand Structures Pricing Policies Chapter 10 Review Questions Chapter 11: Long Term Investment Decisions  Capital Budgeting Learning Objectives: What are the Types of Investment Projects? Understanding the Concept of Time Value of Money A Basic Framework for Capital Budgeting Capital Rationing (Project Ranking with a Limited Budget) Cost of Capital and the Discount Rate Chapter 11 Review Questions Chapter 12: Risk in Project Analysis Learning Objectives: Risk Utility Theory and Risk Risk Analysis in Capital Budgeting Chapter 12 Review Questions Chapter 13: A Manager's Guide to Government in the Market Place Learning Objectives: The Rationale for Regulation Antitrust Policy: Government Regulation of Market Conduct and Structure Resource Allocation and the Supply of Public Goods Public Project Analysis and CostBenefit Analysis Chapter 13 Review Questions Appendix Table 1  Future Value of $1 = T1(i,n) = FVIF Table 2  Future Value of an Annuity of $1 = T2(i,n) = FVIFA Table 3  Present Value of $1 = T3(i,n) = PVIF Table 4  Present Value of an Annuity of $1 = T4(i,n) = PVIFA Table 5  Critical Values for the tStatistic Table 6  Learning Curve Coefficients Glossary 