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Using Managerial Economics to Make Sound Business Decisions

Gain a better understanding of what managerial economics is and how it can be used to make strategic business decisions.

Managerial Economics may sound boring to some and complex to others. But no area of study can have a more direct impact on your bottom line and growth than using this tool correctly. This topic will go over the why - and the how - of using managerial economics in your business operations to accomplish your goals faster and more successfully. Topics will include a review of what managerial economics is, why it is need and ways you can start using it. We'll also over the limitations of this study and areas of caution. The material will also cover how to start using these tools and the anticipated future of this practice.

Runtime: 61 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is Managerial Economics?

  • Overview
  • Purpose

Importance

  • How It Developed
  • Why It's Become Important

What Does It Do?

Applied Examples of Use

  • Possible Use Areas
  • Reasons to Use
  • Limitation

When Not to Use/Areas of Caution

How to Start Using This Tool

The Future

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on July 24, 2018.

Call 1-866-352-9540 for further credit information.

  • HR Certification Institute 1.5
     
  • This E-Learning program has been approved for 1.5 recertification credit hours toward general recertification through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.5
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

R. Shawn McBride

R. Shawn McBride

R. Shawn McBride Law Firm, PLLC

  • Owner of the R. Shawn McBride Law Firm, PLLC and McBride For Business, LLC
  • The R. Shawn is a go-to for business planning including the future of business
  • He is a frequent speaker on business execution topics such as sales, blockchain, the future of business and effective partnerships
  • Host of the Future Done Right™ show and podcast available on the Future Done Right™ YouTube® Channel
  • Licensed to practice law in 12 states (and D.C.) and as a CPA in 3 states
  • Author of the books Business Blunders and It’s About Time (on time management)
  • J.D. degree, University of Maryland School of Law
  • Can be contacted at [email protected], 214-418-0258, @mcbrideforbus on Twitter or www.linkedin.com/in/rshawnmcbride
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 403862
Published 2018
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