Managerial economics mba 1st semester ppt

  • What is MBA in managerial economics?

    Managerial Economics is a combination of Economic Theory & Managerial Theory.
    Managerial economics is a discipline which deals with the application of economic theory to business management.
    It deals with the use of economic concepts and principles of business decision making..

  • It is concerned with what management should do under particular circumstances.
    It determines the goals of the enterprise and then develops the ways to achieve these goals.
    It deals with future planning, policy making, decision making and making full utilization if available resources of enterprise.
Sep 28, 2016Module 1 -Economics for Managers-MBA-1st semester MBA - Download as a PDF or view online for free.

Is managerial economics a practical subject?

Managerial economics is a practical subject therefore it is pragmatic

Managerial economics has its relationship with other disciplines for propounding its theories and concepts for managerial decision making

Essentially it is a branch of economics

What is the relationship between managerial economics and other disciplines?

Managerial economics has its relationship with other disciplines for propounding its theories and concepts for managerial decision making

Essentially it is a branch of economics

Managerial economics is closely related to certain subjects like statistics, mathematics, accounting and operations research

Why is managerial economics important?

Successful managers take good decisions, and one of their most useful tools is the methodology of managerial economics

Managerial economics is concerned with the analysis of finding optimal solutions to decision making problems of businesses/ firms (micro economic in nature)

Managerial economics is a practical subject therefore it is pragmatic


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