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Managerial Economics

Managerial Economics

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Published by lovey
this PowerPoint presentation will provide you the overview of the concept of managerial economics.
this PowerPoint presentation will provide you the overview of the concept of managerial economics.

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Published by: lovey on Jul 12, 2009
Copyright:Attribution Non-commercial

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12/08/2012

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Created By:Pranita JainiitmSubmitted to:Mr. Rohit
 
IntroductionIntroduction
Managerial Economics is economicsapplied in decision-making.
Decision making is the process toselect a particular course of actionfrom among a number of alternatives. It is concerned withthose aspects of economics and itstools of analysis which are used inthe process of decision making of business enterprise.
 
DefinitionDefinition
 
“Managerial economics is concernedwith the application of economicprinciples and methodologies to thedecision process with in theorganization. It seeks to establish rulesand principles to facilitate theattainment of the desired economicgoals of management.”-- By EdwinMansfield

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