✴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
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