Economic Analysis for Business Decisions Learn more

Economic Analysis for Business Decisions is graduate level course in microeconomics, designed with an aim to equip students with working knowledge of the analytical tools that play a key role in decision making of firms and industries. This course will primarily focus on market structures and industrial performances, though it will also examine the behavior of individual markets and behavior of the producers and consumers that sell and purchase goods and services in those markets.

Who should take this course?
Economics undergraduates who want to pursue advanced studies in this field the most suitable candidates for this course. Aspiring managers, entrepreneurs and business analysts can also benefit from this course.

Why you should take this course?
At the end of this course you will be able to do cost analysis of firms and markets. You will also have a better understanding of the determinants of market demand, pricing strategy, market power, and the effect of government regulatory policies on the performance of markets.

Table of contents:
- Introduction to Markets
- Analysis of Competitive Markets
- Production and Cost
- Consumer Demand
- Time and Uncertainty
- Market Power
- Pricing with Market Power
- Game Theory and Competitive Strategy
- Collusion and Competition in Oligopolistic Markets
- Limiting Market Power
- Auctions and Bidding
- Transfer Pricing and Vertical Integration
- Incentives and Information
- Information and Market Structure
- Externalities and Market Structure

Author Bio:
This graduate level course has been jointly prepared by Prof. Ernst Berndt, Prof. Joseph Doyle, Prof. Michael Chapman and Prof. Thomas Stoker.
Ernst Berndt is the Louis E. Seley Professor in Applied Economics and a Professor of Applied Economics at the MIT Sloan School of Management. He is also the co-director of the Biomedical Enterprise Program, a joint program of MIT Sloan and the Harvard-MIT Division of Health Sciences and Technology.
Joseph Doyle is the Erwin H. Schell Professor of Management and a Professor of Applied Economics at the MIT Sloan School of Management. He conducts empirical research using microeconomic theory and modern empirical methods to answer policy questions, especially those related with child welfare and health.
Thomas M. Stoker is the Gordon Y Billard Professor in Management and Economics and a Professor of Applied Economics at the MIT Sloan School of Management. Stoker’s research work focuses on economic modeling, econometric methodology, and empirical analysis of economic relationships.

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