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Use economics to solve business problems

Use economics to solve business problems: Managerial Economics
Use economics to solve business problems: Managerial Economics

Economic decision making is based on five elements. First, we need to define what decisions we want to take. Second, we have to outline the choices. Third, a measurable objective must be defined. Fourth, we focus on only a small set of variables and finally, we have to define the relationship between those variables.

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Skill Level Intermediate
1h 20m
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Skills covered in this course
Business Accounting Management Leadership

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