Managerial Economics 1.3

✴Managerial economics generally refers to the integration of economic theory with business prac­tice. Economics provides tools managerial economics applies these tools to the management of busi­ness. In simple terms, managerial economics means the application of economic theory to the problem of management. ✴

► It enables the business executive to assume and analyse things. Every firm tries to get satisfactory profit even though economics emphasises maximizing of profit. Hence, it becomes neces­sary to redesign economic ideas to the practical world. This function is being done by managerial economics.✦

【Topics Covered in this App are Listed Below】

⇢ Managerial Economics - Overview

⇢ Business Firms & Decisions

⇢ Economic Analysis & Optimizations

⇢ Regression Techniques

⇢ Market System & Equilibrium

⇢ Demand & Elasticities

⇢ Demand Forecasting

⇢ Theory of Production

⇢ Cost & Breakeven Analysis

⇢ Market Structure & Pricing Decisions

⇢ Pricing Strategies

⇢ Investment Under Certainty

⇢ Investment Under Uncertainty

⇢ Circular Flow Model of Economy

⇢ National Income & Measurement

⇢ National Income Determination

⇢ Modern Theories of Economic Growth

⇢ Business Cycles & Stabilization

⇢ Inflation & ITS Control Measures