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Managerial Economics Application Economic Concepts Decision Making

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Yuva Raja S E
Yuva Raja S E

The document discusses key concepts in managerial economics. It defines managerial economics as the application of economic theories, principles, and analytical tools to solve managerial problems. Some quantitative techniques used include mathematical and statistical tools to analyze variables, functions, schedules, and graphs to aid decision-making. The principles of opportunity cost, marginalism, equimarginalism, incremental analysis, time perspective, and discounting are also summarized.

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Managerial Economics ,[object Object],[object Object],[object Object],[object Object]
Managerial Economics Economic Theories, Principles and Concepts. Managerial Decision Making. Application Application Application of Mathematical And Statistical tools
Managerial Economics Managerial Decisions Choice of product Choice of production method Choice of price, Etc… Managerial Economics ‘ Application of Economic Concepts, Theories and Analytical tools to find solutions for managerial problems. Application of Economic concepts, Theories and Principles in decision Making Application of Analytical tools such as, Mathematical and Statistical tools
Managerial Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Economics ,[object Object],[object Object],[object Object],[object Object]
Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Micro Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Macro Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Difference between Managerial Economics and Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Nature of Managerial Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Scope of Managerial Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Managerial economics and Decision Making ,[object Object],[object Object],[object Object],[object Object],[object Object]
Decision Making ,[object Object],[object Object],[object Object],[object Object]
Decision??????????????? ,[object Object],[object Object],[object Object]
Economic Models ,[object Object],[object Object]
Steps to construct Economic Models ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Principles of Managerial Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Opportunity Cost Principle ,[object Object],[object Object],[object Object],[object Object],[object Object]
Opportunity Cost in Management ,[object Object],[object Object],[object Object],[object Object]
Marginalism Principle ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Marginalism Principle ,[object Object],[object Object],[object Object],[object Object]
Equi-marginalism Principle ,[object Object],[object Object],[object Object],[object Object],[object Object]
Incremental Principle ,[object Object],[object Object],[object Object],[object Object]
Time Perspective Principle ,[object Object],[object Object],[object Object]
Discounting Principle ,[object Object]
Discounting Principle ,[object Object],[object Object],[object Object],[object Object]
Quantitative Techniques used in Managerial Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Managerial Economics Application Economic Concepts Decision Making

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  • 2. Managerial Economics Economic Theories, Principles and Concepts. Managerial Decision Making. Application Application Application of Mathematical And Statistical tools
  • 3. Managerial Economics Managerial Decisions Choice of product Choice of production method Choice of price, Etc… Managerial Economics ‘ Application of Economic Concepts, Theories and Analytical tools to find solutions for managerial problems. Application of Economic concepts, Theories and Principles in decision Making Application of Analytical tools such as, Mathematical and Statistical tools
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