Economics: Price Elasticity Shaping Market Dynamics

🎓 Economics: Price Elasticity Shaping Market Dynamics

🚀 Course Headline: Dive into the fascinating world of Economics where you'll unravel how changes in prices influence market behavior. This course, taught by seasoned expert Evrim Kanbur with over 15 years of experience, will equip you with a profound understanding of demand, supply, and decision-making through the lens of price elasticity.

📘 Course Description: Welcome to "Economics: Price Elasticity Shaping Market Dynamics" – a course that bridges the gap between economic theory and real-world business strategy. In this course, you'll learn how to harness the power of price elasticity to make informed decisions about pricing, revenue forecasting, sales planning, and market share analysis.

📈 What You'll Learn: This online course is designed to demystify the concept of price elasticity and its impact on both micro and macroeconomic scenarios. Here's a sneak peek into what you can expect:

1. Price Elasticity of Demand

   • Learn the basics of Price Elasticity of Demand (PED).
   • Master two formulas to calculate PED and explore the factors affecting it.

2. Price Elasticity of Supply

   • Explore what Price Elasticity of Supply (PES) is all about.
   • Get hands-on with two formulas to calculate PES and understand the supply-side factors at play.

3. The Business Aspect of Price Elasticity

   • Discover how businesses can leverage price elasticity for strategic pricing, sales forecasting, and effective non-pricing strategies.
   • Analyze the relationship between elasticity and total revenue, cost considerations, tax incidence, and more.

4. Real-World Case Studies

   • Engage with articles and case analyses that provide practical insights into how various products and services are affected by price elasticity.

📊 Bonus Material: A comprehensive PDF notes document summarizing all the key points discussed in the course, along with relevant articles to enhance your learning experience.

❗ Important Note: This course is an in-depth exploration of price elasticity within the context of pricing decisions. It complements—not replaces—your existing knowledge on pricing.

👨‍🏫 Why Learn From Me? Evrim Kanbur brings a wealth of practical experience to the classroom, with a background as a business owner, manager in multinational companies, lecturer, and consultant, particularly within tech industries. His courses are praised for their engaging approach to simplifying complex economic concepts.

🎯 Who is the target audience for this course? This course is tailored for anyone from entrepreneurs and business owners to marketing professionals, consultants, and managers who are keen on understanding and applying price elasticity to enhance their sales and strategic planning skills.

🎉 Enroll Now and Elevate Your Business Acumen! Empower your career by gaining a deep understanding of the economics behind pricing and how it influences market dynamics. Enroll in "Economics: Price Elasticity Shaping Market Dynamics" today and join a community of forward-thinking professionals who are shaping the future of business decisions with data-driven strategies! 🎓