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

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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

54,597 already enrolled

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Beginner level
No prior experience required
3 months at 10 hours a week
Flexible schedule
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Get in-depth knowledge of a subject

(2,737 reviews)

Beginner level
No prior experience required
3 months at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers

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.

Overview

What’s included

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Taught in English
105 practice exercises

Advance your subject-matter expertise

  • Learn in-demand skills from university and industry experts
  • Master a subject or tool with hands-on projects
  • Develop a deep understanding of key concepts
  • Earn a career certificate from University of Illinois Urbana-Champaign

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: Supply And Demand
Category: Cost Management
Category: Consumer Behaviour
Category: Market Dynamics
Category: Resource Allocation
Category: Production Management
Category: Business Economics
Category: Economics
Category: Tax
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: Resource Allocation
Category: Strategic Decision-Making
Category: Public Policies
Category: Decision Making
Category: Market Dynamics
Category: Supply And Demand
Category: Market Analysis
Category: Business Economics
Category: Market Share

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: Data Analysis
Category: Sampling (Statistics)
Category: Statistical Inference
Category: Data Collection
Category: Data Presentation
Category: Probability & Statistics
Category: Descriptive Statistics
Category: Graphing
Category: Analytics
Category: Probability Distribution
Category: Decision Making
Category: Business Analytics
Category: Statistical Analysis
Category: Microsoft Excel
Category: Exploratory Data Analysis
Category: Statistics
Category: Histogram

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

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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.Âą

 

Instructors

Fataneh Taghaboni-Dutta, Ph.D., PMP, CSM, CSPO
University of Illinois Urbana-Champaign
7 Courses72,305 learners
Hadi Salehi Esfahani
University of Illinois Urbana-Champaign
2 Courses53,773 learners
Larry DeBrock
University of Illinois Urbana-Champaign
2 Courses110,725 learners

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