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Economics: Elasticity and its Business Aspect on Pricing

Learners: 1,048

Instructor: Evrim Kanbur

Duration:

This course is designed to help you understand the concept of elasticity and its business aspect on pricing. You will learn the fundamentals of elasticity, how to calculate it, the factors affecting it, and how to use it in sales forecasting, pricing and non-pricing decisions, total revenue, cost and tax incidence. With 15 years of experience in the business world, the instructor will provide you with first-hand experience in pricing decisions and economic analysis of price elasticity in tech related industries. Join this course now and maximize your business and marketing efforts!▼▲

Course Feature Course Overview Course Provider

Go to class

Course Feature

Cost:

Paid

Provider:

Udemy

Certificate:

Paid Certification

Language:

English

Start Date:

2018-02-06

Course Overview

❗The content presented here is sourced directly from Udemy platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [August 31st, 2023]

Skills and Knowledge:
This course is also suitable for students and professionals who want to understand the concept of elasticity and its business aspect. It is also suitable for policy makers who want to understand the impact of their decisions on the market.

Professional Growth:
This course contributes to professional growth by providing a comprehensive understanding of the concept of elasticity and its business aspect on pricing. It covers the fundamentals of elasticity, how to calculate it, the factors that affect it, and how to use it in sales forecasting, pricing and non-pricing decisions, total revenue, cost and tax incidence. It also provides case studies and a PDF notes document to help students gain a better understanding of the concept. By taking this course, professionals will gain a better understanding of the concept of elasticity and how to use it to make better pricing decisions.

Further Education:
This course is suitable for preparing further education. It covers the concept of elasticity and its business aspect on pricing, which is a fundamental concept in economics. The course breaks down elasticity into three chapters, covering price elasticity of demand, price elasticity of supply, and the business aspect of price elasticity. It also includes case studies and provides a PDF notes document for further reference. The course is suitable for anyone selling products or services, both online and offline, and is important for understanding the impact of elasticity on pricing, total revenue, and cost structure.