Foundation Course in Managerial Economics by IIT Kharagpur | Online Learning
Course Details
| Exam Registration | 1327 |
|---|---|
| Course Status | Ongoing |
| Course Type | Elective |
| Language | English |
| Duration | 8 weeks |
| Categories | Management Studies, Managerial Economics |
| Credit Points | 2 |
| Level | Undergraduate/Postgraduate |
| Start Date | 19 Jan 2026 |
| End Date | 13 Mar 2026 |
| Enrollment Ends | 02 Feb 2026 |
| Exam Registration Ends | 16 Feb 2026 |
| Exam Date | 29 Mar 2026 IST |
| NCrF Level | 4.5 — 8.0 |
Unlock the Power of Economic Thinking for Business Success
In today's complex and competitive business landscape, intuition alone is not enough. Strategic decisions demand a robust analytical framework. This is where Managerial Economics comes in—it's the essential toolkit that applies economic theory and methodology to solve practical business problems. If you're looking to build this critical skill set, the Foundation Course in Managerial Economics from the prestigious Indian Institute of Technology Kharagpur (IIT Kharagpur) offers an unparalleled learning opportunity.
Why Study Managerial Economics?
Managerial Economics bridges the gap between abstract economic theory and real-world business management. It empowers you to:
- Analyze Demand & Markets: Understand consumer behavior and forecast market trends.
- Optimize Production & Cost: Make informed decisions on resource allocation and scaling operations.
- Formulate Pricing Strategies: Set prices that maximize profitability under different competitive conditions.
- Evaluate Government Policies: Assess the impact of regulations, taxes, and subsidies on your business.
- Navigate Market Structures: Develop strategies tailored for perfect competition, monopoly, oligopoly, and more.
Course Overview: What You Will Learn
This comprehensive 8-week course is meticulously designed to take you from fundamental concepts to advanced applications. Here’s a detailed breakdown of the curriculum:
| Week | Core Topics Covered |
|---|---|
| Week 1 | Introduction to Managerial Economics, Fundamentals of Demand and Supply |
| Week 2 | Elasticity of Demand and Supply – measuring responsiveness |
| Week 3 | Government Intervention, Market Efficiency, and Welfare Analysis |
| Week 4 | Producer Theory, Understanding Cost Curves and Optimization |
| Week 5 | Market Structures: Perfect Competition |
| Week 6 | Monopoly Market Power and Pricing |
| Week 7 | Monopolistic Competition and Product Differentiation |
| Week 8 | Oligopoly, Game Theory, and Strategic Interaction |
Learn from an Esteemed Expert: Prof. Barnali Nag
The course is led by Prof. Barnali Nag of the Vinod Gupta School of Management, IIT Kharagpur. With a stellar academic and research background, she brings immense depth to the subject:
- Academic Credentials: PhD from IGIDR, Mumbai, and post-doctoral research at the Wharton Business School, University of Pennsylvania.
- Professional Experience: Former faculty at IIM Kashipur and Business Research Fellow at ISB Hyderabad and RIS, New Delhi.
- Research Expertise: Her work focuses on Economics of Climate Change, Infrastructure Policy, Energy Security, and Competition Policy, ensuring the course content is grounded in contemporary, real-world issues.
Who Should Enroll in This Course?
This course is crafted for a diverse audience seeking to strengthen their analytical decision-making skills:
- Students: Undergraduate and Postgraduate students in Management, Commerce, Economics, or Engineering.
- Aspiring Managers & Analysts: Professionals aiming to transition into roles in business analysis, strategy, or consulting.
- Current Managers & Executives: Individuals in banking, public policy, and all industrial sectors looking to formalize their economic intuition.
- Entrepreneurs: Founders who need to understand market forces and cost structures to build sustainable businesses.
Prerequisites & Industry Relevance
Prerequisites: A basic understanding of Algebra and Calculus is recommended to fully grasp the quantitative aspects of the models taught.
Industry Support: The skills acquired are highly valued across sectors. This course is particularly relevant for:
- Public Policy Organizations and Think Tanks
- Banks and Financial Institutions
- Managerial and Strategic roles in Manufacturing, Services, and Tech Industries
- Consulting Firms
Conclusion: Build Your Strategic Foundation
The Foundation Course in Managerial Economics from IIT Kharagpur is more than just an academic module; it's an investment in your ability to think strategically, analyze critically, and lead effectively. Under the expert guidance of Prof. Barnali Nag, you will gain the confidence to tackle complex business challenges with a structured economic lens. Whether you are a student building your career or a professional aiming to accelerate it, this 8-week journey will equip you with timeless tools for intelligent decision-making.
Ready to transform your approach to business problems? Enroll today and take the first step towards mastering the economics of management.
Enroll Now →