Udemy - The key metric of pricing in Economics - Elasticity torrent

The key metric of pricing in Economics: Elasticity
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MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 674 MB | Duration: 1h 26m

Economics-The complete course on Elasticity and its business aspect

What you'll learn
Having a deeper understanding of elasticity, one of the key metrics of pricing
Quantitative analysis and qualitative factors that influence price elasticity
Business aspect of price elasticity considering pricing decisions, total revenue, cost and tax incidence
Business strategies related with pricing decisions to maximize revenue related with elastic and inelastic demand

Requirements
No need to have a prior knowledge on elasticity or pricing.
Basic understanding of economic concepts of demand, supply, equilibrium and shift is required.
A desire to learn how an analysis of an economics concept is used in the business that has the huge impact on the bottom line.
Description
Elasticity is the concept where economics meet with business strategy in terms of pricing. How do companies decide about which price point to implement? How do policy makers decide how much tax they should put on a product or service? or even whether to implement any interdiction or not? Elasticity is the key concept of economics whether it is for a micro setting or a macro setting as well as the pricing, one of the most important business decisions.