Managerial economics is the combination of management and economics. In simple words management is the planning, organizing, leading and controlling the efforts of a group of peoples towards some ...

Economics is a hub of concepts and analytical tools which can prove to be a boon for assisting the manager in arriving on a decisive conclusion and plan their business accordingly. Managerial ...

Economic principles applied to decision problems of managers in a business organisation. Analysis of costs, revenues and profits in relation to a firm's objectives. Emphasis on pricing policy, ...