Free Download Essential Economics for Management Consultants
Published 8/2025
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Language: English | Duration: 1h 57m | Size: 708 MB
A practical guide on how to do analyses during consulting projects
What you'll learn
Model supply and demand in Excel
Analyze price changes and price policies in Excel
Analyze externalities in Excel
Understand the impact of changes in the economy on the market and a specific business
Understand different market structures
Avoid sunk cost fallacy
Estimate the opportunity cost
Understand and predict changes in the economy
Requirements
Basic or intermediate Excel
Basic or intermediate knowledge of finance & accounting
Description
What is the aim of this course?As a management consultant, you will have to deal with complex businesses operating in many segments and markets. To be able to analyze them and find potential solutions, you will have to simplify the reality you witnessed and identify the most important drivers. In such situations, a good understanding of economics will be extremely useful. It will help you see the big picture and focus on vital elements. In this course, I will teach you the essential economics that you will need during consulting projects.Thanks to this course, you will learn the following things:How to model supply and demand in ExcelHow to set prices using analyses in ExcelWhat are and how to analyze externalitiesWhat is the difference between perfect competition, monopoly, oligopoly, and monopolistic competition?What is and how to deal with inflation and unemploymentHow to increase the size of the economyThis course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from the Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried out or supervised over 90 different performance improvement projects in different industries that generated in total of 2 billion additional EBITDA. On the basis of what you will find in this course, I have trained in person over 100 consultants, business analysts, and managers who now are Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that, my courses on Udemy have already been taken by more than 300 000 students, including people working in EY, McKinsey, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and many others.I teach through case studies, so you will have a lot of lectures showing examples of analyses and tools that we use. To every lecture, you will find attached (in additional resources) the Excel files as well as additional presentations and materials shown in the lectures. So, as a part of this course, you will also get a library of ready-made analyses that can, with certain modifications, be applied by you or your team in your work.Why have I decided to create this course?Most consulting projects will require a decent knowledge of essential economics. This will help you understand and analyze businesses. You will also be able to identify the impact of the changes in the economy on the business. Most firms assume that you will master those issues on your own. This may lead to huge frustration during consulting projects and a lot of inefficiencies.Therefore, I have decided to create this course that will help students understand or refresh the main skills and tools related to economics that they need during consulting projects. The course will give you the knowledge and insight into real-life case studies that will make your life during a consulting project much easier. Thanks to this course, you will know how and when to use essential concepts from economics. You will master how to analyze data and draw conclusions from the analyses.To sum it up, I believe that if you want to become a world-class Management Consultant or Business Analyst, you have to have a pretty decent understanding of essential economics. That is why I highly recommend this course to Management Consultants or Business Analysts, especially those who did not finish business school or schools of economics. The course will help you become an expert in essential economics at the level of McKinsey, BCG, Bain, and other top consulting firms.In what way will you benefit from this course?The course is a practical, step-by-step guide loaded with tons of analyses, tricks, and hints that will significantly improve the speed with which you understand and analyze businesses. There is little theory - mainly examples, a lot of tips from my own experience, as well as other notable examples worth mentioning. Our intention is that, thanks to the course, you will learn:How to model supply and demand in ExcelHow to set prices using analyses in ExcelWhat are and how to analyze externalitiesWhat is the difference between perfect competition, monopoly, oligopoly, and monopolistic competition?What is and how to deal with inflation and unemploymentHow to increase the size of the economyYou can also ask me any questions either through the discussion field or by messaging me directly.How is the course organized?The course is currently divided into the following sections:Introduction. We begin with a little introduction to the course, as well as some general information on how the course is organizedDemand and Supply. During many projects, you may be asked to model the supply or demand for a specific good. In this section, we will look at those concepts and we will see how to use them in practice.Pricing. We have mentioned that the Prices are set by comparing the Demand and the Supply. In practice, this issue is much more complicated. In this section, you will learn more about the price.Price Elasticity. In this section, we will briefly discuss an important issue - price elasticity. It shows you the impact of changes in price on demand.Externalities. Economics deals with complex systems. In such systems, your action can cause unintended consequences to other members of the system. We call them externalities. We will discuss them in this section as well, and we will analyze case studies with externalities.Other Micro Concepts. Now let's discuss other concepts related to microeconomics. They will prove useful both in decision-making as well as in defining the strategy for firms. In this section, we will discuss sunk costs, opportunity costs, and market structuresEssential Macro Concepts. You should also have a good understanding of basic concepts related to the whole economy. This part of economics we call macroeconomics. In this section, you will learn about inflation, unemployment, GDP, GDP growth, and fiscal and monetary policies.You will also be able to download many additional resources1. Useful frameworks and techniques2. Analyses shown in the course3. Additional resources4. Links to additional presentations, articles, and movies5. Links to books worth readingAt the end of my course, students will be able to.Model supply and demand in ExcelAnalyze price changes and price policies in ExcelAnalyze externalities in ExcelUnderstand the impact of changes in the economy on the market and a specific businessUnderstand different market structuresAvoid sunk cost fallacyEstimate the opportunity costUnderstand and predict changes in the economyWho should take this course? Who should not?Management ConsultantsBusiness AnalystsManagers without formal education in economicsStartup FoundersProject ManagersWhat will students need to know or do before starting this course?Basic or intermediate ExcelBasic or intermediate knowledge of finance & accounting
Who this course is for
Management Consultants
Business Analysts
Data Scientists
Managers without formal education in economics
Startup Founders
Project Managers
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