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MANAGERIAL ECONOMICS

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INSIGHTS ABOUT MANAGERIAL ECONOMICS

Institution
Vidyasagar University
Course
ECON 100 (ECON100)

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Introduction to Macroeconomics

Managerial Economics

, Managerial Economics
Decision sciences:
Economic Theory: Mathematical economics,
Microeconomics econometrics
Macroeconomics




Managerial Economics:
Application of economic theory
and decision science tools to solve
managerial decision problems




Optimal solution to managerial decision
problems

, Scarce Resources
• Consumers allocate given income across goods and
services

• Firms allocate funds across labor, capital and raw
materials as well as products

• Workers allocate time between leisure and work

• Government allocates budget across various
programs and projects
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Institution
Vidyasagar University
Course
ECON 100 (ECON100)
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Uploaded on
February 18, 2024
Number of pages
17
Written in
2023/2024
Type
Class notes
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Contains
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  • managerial economics
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