Micro Economic Analysis & Economic Models Development

This DIXONTECH course equips participants with the essential analytical and modeling tools of microeconomics, focusing on market behavior, firm decision-making, and resource allocation efficiency. It blends theoretical understanding with applied economic model development, empowering professionals to interpret real-world data, design predictive models, and support evidence-based policy and financial decisions.

TRAINING TOPICS

• Principles of microeconomic theory and analysis
• Market structures and competitive behavior
• Consumer and producer decision modeling
• Cost, pricing, and profit optimization
• Supply demand modeling and equilibrium analysis
• Building and applying microeconomic models

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

•  Apply microeconomic theory to practical analysis
•  Develop models for pricing and market decisions
•  Interpret demand and supply dynamics accurately
•  Use data to forecast economic outcomes
•  Evaluate policy and market efficiency impacts
•  Build scenario based microeconomic simulations
•  Strengthen decision-making using economic tools
•  Analyze real-world business and public data

TRAINING IS TAILORED TO

•  Economists and data analysts
•  Financial planners and policy advisors
•  Market researchers and strategists
•  Business intelligence and analytics officers
•  Academic and research professionals
•  Investment and portfolio managers
•  Government and public sector economists
•  Consultants in economic and financial modeling

TRAINING METHODOLOGY

This DIXONTECH training integrates theory with simulation-based model building. Participants engage in analytical exercises, case studies, and modeling labs using real-world data. Through structured sessions, they will apply mathematical and statistical methods to develop, test, and interpret economic models for decision-making and policy analysis.

DAY 1

FOUNDATIONS OF MICROECONOMIC THEORY AND ANALYSIS

•  Understanding micro vs. macroeconomic perspectives
•  The role of microeconomics in decision-making
•  Demand, supply, and market equilibrium
•  Consumer theory and utility maximization
•  Production theory and cost structures
•  Market behavior and price mechanisms
•  Elasticities and their practical applications
•  Case study: market efficiency and price adjustment

DAY 2

CONSUMER AND PRODUCER BEHAVIOR MODELING

•  Determinants of consumer demand functions
•  Budget constraints and indifference curves
•  Marginal utility and substitution effects
•  Short run and long run production models
•  Cost functions and economies of scale
•  Pricing and output decisions in competition
•  Mathematical optimization in firm behavior
•  Simulation exercise: modeling consumer choice

DAY 3

MARKET STRUCTURES AND COMPETITION MODELS

•  Perfect competition and monopoly dynamics
•  Monopolistic competition and oligopoly
•  Price discrimination and strategic pricing
•  Cournot and Bertrand models of competition
•  Market entry, exit, and regulatory impact
•  Game theory and strategic interaction models
•  Collusion, cartels, and antitrust frameworks
•  Case study: competitive equilibrium modeling

DAY 4

APPLIED ECONOMIC MODELS AND FORECASTING

•  Constructing microeconomic models step-by-step
•  Data collection and variable selection
•  Regression and elasticity estimation models
•  Partial equilibrium and comparative statics
•  Forecasting demand and cost functions
•  Simulating policy and price shocks
•  Evaluating model performance and accuracy
•  Workshop: building a demand forecasting model

DAY 5

POLICY APPLICATIONS AND MODEL INTEGRATION

•  Using models in business and public policy
•  Economic impact and welfare analysis
•  Cost benefit and efficiency evaluations
•  Modeling taxation and subsidies
•  Integrating behavioral and digital economy models
•  Interpreting results for strategic decisions
•  Presenting model outputs to stakeholders
•  Final workshop: developing a policy driven model