In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environment they operate in. In this Specialization, you will build a solid understanding of the operation of markets and the macro-economic environment with real-world examples. You will be able to identify firm and country-level economic factors that impact business decisions, develop an analytical framework using statistical tools, and apply economic theory and data in the analysis of business environment and trends to make effective business decisions.
The capstone project involves an in-depth analysis of an actual business situation in which you will examine the global economic environment of a business. The final project will be a business plan that uses statistical tools and economic theory to create a comprehensive analysis of the microeconomic and macroeconomic environment in which the focal company operates.
This Specialization is part of the University of Illinois Masters of Business Administration degree program, the iMBA. Learn more about the admission into the program here and how your Coursera work can be leveraged if accepted into the program. You can also start with for-credit courses within the Illinois iMBA degree program.
WHAT YOU WILL LEARN
Coursera
Dive into the world of Firm Level Economics with this comprehensive course. Learn about various market structures, including perfect competition and monopoly markets, and understand how firms determine prices, quantities, and efficiency in different economic environments.
Coursera
Dive into 'Exploring and Producing Data for Business Decision Making' and transform how you approach problem-solving in your business. This course offers an insightful journey into data analysis, teaching you how to summarize data effectively and understand key concepts like frequency, normal distribution, statistical studies, sampling, and confidence intervals.
Coursera
Dive into Inferential and Predictive Statistics for Business—a Coursera course designed for managers who want to harness the analytical power of statistics. This course provides an essential framework for evaluating business challenges, managing uncertainty, recognizing variations, and making informed decisions based on predictive modeling. Whether you're looking to improve your data analysis skills or enhance your ability to make strategic business choices, this course is tailored for you.
Coursera
Dive into the world of Firm Level Economics with our engaging online course designed to unravel the complexities of consumer and producer behavior. Discover how markets use prices as rationing devices to allocate scarce resources efficiently, and learn about the forces driving production and consumption decisions towards an equilibrium state. Perfect for students, professionals, and anyone interested in understanding economic principles.
Coursera
Dive into the intricate relationship between an economy's institutional framework, policy environment, and its macroeconomic performance. This course offers a detailed exploration of how policies and institutions impact GDP, interest rates, and exchange rates over both short and long-term horizons.
Coursera
Dive into the world of macroeconomics with our introductory course, 'Country Level Economics: Macroeconomic Variables and Markets.' Understand the key economic indicators that shape our daily lives, from inflation rates to unemployment figures. This course is designed to equip you with the knowledge needed to interpret economic data and make informed decisions in both your personal and professional life.