Transcription of Managerial Economics - Tutorialspoint
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Managerial Economics 1 Managerial Economics i About the Tutorial Managerial Economics is concerned with the application of economic concepts and economic analysis to the problems of formulating rational Managerial decisions. This tutorial covers most of the topics of Managerial Economics including micro, macro, and Managerial economic relationship; demand forecasting, production and cost analysis, market structure and pricing theory. Audience This tutorial is aimed at management students having a basic understanding of business concepts. It will give them an in-depth overview of the major topics of Managerial Economics . Prerequisites It is an elementary tutorial and you can easily understand the concepts explained here with a basic knowledge of management studies. Copyright & Disclaimer Copyright 2015 by Tutorials Point (I) Pvt.
main categories - production and consumption. Firms are the economic entities and are on the production side, whereas consumers are on the consumption side. The performances of firms get analyzed in the framework of an economic model. The economic model of a firm is called the theory of the firm. Business decisions
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