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 .
Microeconomics studies the actions of individual consumers and firms; managerial economics is an applied specialty of this branch. Macroeconomics deals with the performance, structure, and behavior of an economy as a whole. Managerial economics applies microeconomic theories and techniques to management decisions.
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