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Presentation Managerial Economics

Presentation Managerial Economics

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Published by: r_you_readyyy on Sep 24, 2009
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10/04/2013

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Master of Business Economics[M.B.E]Semester ±I
Role & ResponsibilityOf  Managerial Economics
PRESENTED BY
 NameRoll no.KHIMANI RAHUL R.18MACWAN JACKSON J.20PARMAR AJEET D.24PARMAR RAVIKANT K.27
 
Introduction Managerial Economics
y
Managerial Economics is economics applied in Decision making. It isbased on economic analysis for identifying problem, Organisinginformation and alternative.
y
 According to McNair and MeriamManagerial Economic is the use of economic mode of thought toanalyses business situation.
y
In the words of spencer and SiegelmanManagerial Economics is the integration of economic theory withbusiness practice for the purpose of facilitating decision making andforward plan by management.
y
 Watson defines it as price theory in the service of business executive.
 
 Role of managerialeconomist
 Specific decisionsGeneral tasks
 Externalfactors Internalfactors 
1
Economic Condition
2
Demand for the product
3
Influencing the input cost
4
Market condition
5
Firm¶s share in market
6
Economic policies 
1
Production scheduling
2
Demand forecasting
3
Market research
4
Economic analysis
5
Investment appraisal
6
Security mgt. analysis
7
Advice on foreign exchange mgt.
8
Advice on tread
9
Pricing decision
1
0Analyzing & forecasting factors 1Production, sales,inventory schedulesdecision
2
Provide pricing & profitpolicies
3
Investment decision

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