In the exceedingly fast-paced business world, growing business demands a clear grasp of how a firm obtains a competitive advantage in its operations, how the business cycle and monetary policies impact the firm’s ability to maximize shareholders’ wealth, and how to obtain and efficiently use data to develop actionable business strategies. The Managerial Economics and Business Analytics Specialization is targeted towards aspiring managers, senior managers, and business executives who wish to have a well-rounded knowledge of firm-level and country-level economics, modern financial institutions and central bank policies, and statistical data analysis and business decision-making.
Managerial Economics and Business Analysis Specialization
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Managerial Economics and Business Analysis Specialization
Unravel Economics to Drive Business Decisions. Learners will be able to use economic logic and statistical analysis to make complex decisions that consider microeconomic factors, macroeconomic indicators, and central bank policies to obtain a competitive advantage in their professional practices and personal lives.
Instructors: Fataneh Taghaboni-Dutta, Ph.D., PMP, CSM, CSPO
54,418 already enrolled
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Get in-depth knowledge of a subject
(2,737 reviews)
Beginner level
Recommended experience
3 months at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers
Get in-depth knowledge of a subject
(2,737 reviews)
Beginner level
Recommended experience
3 months at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers
What you'll learn
Skills you'll gain
- Supply And Demand
- Descriptive Statistics
- Banking
- Statistics
- Financial Systems
- Regression Analysis
- Analytics
- Probability Distribution
- Statistical Methods
- Statistical Inference
- Market Dynamics
- Sampling (Statistics)
- Business Analytics
- Business Mathematics
- Data-Driven Decision-Making
- Statistical Analysis
- Financial Policy
- Statistical Hypothesis Testing
- Economics
Tools you'll learn
What’s included
Shareable certificate
Add to your LinkedIn profile
Taught in English
106 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 - 6 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: Cost Management
Category: Supply And Demand
Category: Production Management
Category: Resource Allocation
Category: Market Dynamics
Category: Consumer Behaviour
Category: Business Economics
Category: Economics
Category: Price Negotiation
Category: Tax
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: Resource Allocation
Category: Competitive Analysis
Category: Game Theory
Category: Public Policies
Category: Market Dynamics
Category: Business Economics
Category: Market Analysis
Category: Decision Making
Category: Supply And Demand
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: Graphing
Category: Data Collection
Category: Probability & Statistics
Category: Descriptive Statistics
Category: Data Presentation
Category: Data Analysis
Category: Statistical Inference
Category: Sampling (Statistics)
Category: Probability Distribution
Category: Exploratory Data Analysis
Category: Histogram
Category: Decision Making
Category: Analytics
Category: Microsoft Excel
Category: Business Analytics
Category: Statistical Analysis
Category: Statistics
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 Hypothesis Testing
Category: Regression Analysis
Category: Statistical Inference
Category: Statistical Analysis
Category: Predictive Analytics
Category: Data-Driven Decision-Making
Category: Business Mathematics
Category: Statistical Modeling
Category: Microsoft Excel
Category: Business Analytics
Category: Statistical Methods
Category: Probability & Statistics
Category: Analytics
What you'll learn
Appreciate how money and finance can benefit the real economy.
Describe how modern banks earn a profit.
Compare and contrast banks with other providers of debt finance and payments.
Explain why financial regulations are needed and their impacts.
Skills you'll gain
Category: Financial Systems
Category: Credit Risk
Category: Operational Risk
Category: Risk Management
Category: Financial Regulation
Category: Commercial Banking
Category: Retail Banking
Category: FinTech
Category: Balance Sheet
Category: Financial Services
Category: Financial Market
Category: Payment Systems
Category: Financial Regulations
Category: Banking
What you'll learn
Describe and understand the functioning of the key money markets.
Describe the main policy objectives of central banks.
Examine how, by controlling interest rates, monetary policy influences inflation and unemployment.
Describe how monetary (and fiscal) authorities respond to stress in financial markets.
Skills you'll gain
Category: Financial Policy
Category: Financial Market
Category: Financial Regulation
Category: Market Liquidity
Category: Market Dynamics
Category: Financial Data
Category: Crisis Management
Category: Economics
Category: International Finance
Category: Banking
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
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.¹
Instructors
University of Illinois Urbana-Champaign
7 Courses72,184 learners
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Frequently asked questions
Time to completion can vary widely based on your schedule, most learners are able to complete the Specialization in 3-6 months.
Each course in the Specialization offers regular and open enrollment. You can begin and complete the course on your own schedule.
Some familiarity with economic reasoning and concepts is recommended
More questions
Financial aid available,