Start Dates
1st or 15th of every month
Award
Advanced Certificate in Managerial Economics
Duration
3 months to 4 months
Fees
£650
Awarded by
Study how economic theory is applied to business, and learn how managers use statistics and other analytics to design efficient strategies for generating income.
Managerial economics involves the evaluation of future risk potential, analysing the position of a firm’s competitors, as well as identifying the customer base to implement effective strategies for business development. Using microeconomic analysis, you will learn how economists make decisions. Study how economic theory is applied to business practice with the objective of maximising profit in today’s unpredictable business climate.

Learning Outcomes

Graduates of this advanced certificate programme will possess career-ready skills in:

  • Microeconomic analysis and decision making in economics
  • Future risk potential, competitor analysis, and customer identification
  • Creating of efficient strategies and generating income with scarce resources
  • The application of economic theory in business practice and maximising profit
  • Your programme modules and learning content are delivered via the Canvas study platform, and feature the following resources:

    • Professionally produced video lectures created by leading business practitioners
    • A designated tutor who will provide support and feedback throughout your programme
    • Case Studies and Discussion Questions to enhance your understanding of theory in context
    • Downloadable e-books and free library resources to aid your assignment writing and research
    • Access to online forums where you can share and discuss new concepts with fellow students and professionals from around the world
    • A good level of English language ability is recommended
    • Relevant work experience is an asset, but no work experience is required
  • This Advanced Certificate teaches you how to manage the effects of economic impact on a business, and encompasses the following topics:

    • Microeconomic analysis and decision making in economics
    • The application of economic theory in business practice, and maximising profit
    • Application of statistics and use of analytics
    • Creation of efficient strategies, and generating income with scarce resources
    • Future risk potential, competitor analysis, and customer identification
    • Implementing effective business development strategies

    You will be formally assessed once during the programme, which will consist of a written report of up to 3,500 words. Completing this assignment to a satisfactory standard is a mandatory requirement.

  • Based on all online students who studied with InterActive in 2016

     

Testimonials

Daniela Rachow
I loved the international aspect of studying with InterActive, it’s a very rewarding learning environment. I am absolutely happy with my choice, I’d do it again.
— Daniela Rachow, Germany
Brinsley Bailey
I love everything about the platform. It is so easy to navigate and the fact that I can access my work, view the online libraries and talk to my classmates in one area is very useful.
— Brinsley Bailey, United Kingdom
Kunhipurayil Ratnakumar Mattankot
Learning is the most important thing, continue to learn, you don’t stop your learning.
Kunhipurayil Ratnakumar Mattankot, India

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