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Managerial Economics encompasses the study of business problems, but the strategies used to identify and analyze them are broadly applicable to other areas of economics. The course is heavily driven by theories, so students do not need to concern themselves with the calculus some economics classes require. However, the analytical problem solving and rote memorization expected of you can be just as difficult. If you need a boost to meet your academic expectations, Varsity Tutors can refer you to an experienced Managerial Economics tutor today.
Here are some of the key ideas you may discuss during Managerial Economics tutoring sessions:
- Supply, Demand, and their Equilibrium
- Property Rights
- Information Asymmetry and Moral Hazards
- The Benefits of Corporate Vertical Integration
- Market Failure and What to Do About it
- Analysis of Case Studies
While this is not a political course, classroom debates often include elements of public policy. For example, a comparison of the ways pharmaceuticals are priced in the United States and Canada reveals key economic differences between the two countries, but which one is "better" is seen as a political issue. Managerial Economics tutoring can provide a balanced environment where you can learn about the theoretical pros and cons of both sides, leaving you ready to not only argue your own viewpoint, but anticipate what the other side might come up with as well.