For courses in managerial economics teaching students managerial economics through real examples real businesses with real life situations the economics of managerial decisions 1st edition teaches students how to make business decisions by blending the qualitative and quantitative aspects of the course using examples from different . Managerial economics is like engineering economics the working side of economic initiatives or activities how the underlying or invisible is doing the manifestation of the visible for example what guides a person to take a decision on response. Decision making is an integral part of management managerial economics helps in effective decision making and a business manager is essentially involved in the processes of decision making as well as forward planning in doing so managerial economics is of great importance for a business manager. Managerial economics is a discipline that combines economic theory with managerial practice it helps in covering the gap between the problems of logic and the problems of policy the subject offers powerful tools and techniques for managerial policy making
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