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MBA - I Semester Paper Code: MBAC 1002

1 MBA - I Semester Paper code : mbac 1002 Managerial Economics Objectives To introduce the economic concepts To familiarize with the students the importance of economic approaches in managerial decision making To understand the applications of economic theories in business decisions Unit I General Foundations of Managerial Economics - Economic Approach - Circular Flow of Activity - Nature of the Firm - Objectives of Firms - Demand Analysis and Estimation - Individual.

Warren E Buffett, the renowned chairman and CEO of Berkshire Hathaway Inc., invested $100 and went on to accumulate a personal net worth of $30 billion. Buffett credits his success to a basic understanding of managerial economics. Buffett’s …

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