DEPARTMENT   OF  RESEARCH & MANAGEMENT PRESENTATION     BY  :   Mr. Vijay Rathod M.B.A 1 st  SEM. ROLL no: 51
WELCOME TO  WORLD
MANAGERIAL ECONOMICS
TOPIC <ul><li>MICRO ECONOMICS </li></ul><ul><li>MACRO ECONOMICS </li></ul>
MICRO ECONOMICS  :
Meaning  : <ul><li>Micro has been derived from GREEK word “ MIKROS ”which mean  small  . </li></ul><ul><li>It is a study o...
DEFINATION  : <ul><li>Prof. Mac cannel , “micro economics is a study of the specific economic units and a detailed conside...
Subject-matter  : <ul><li>It deals with determination of product prices and factor of prices . </li></ul><ul><li>In short ...
Merits  : <ul><li>A worm’s eye view of a small specific unit. </li></ul><ul><li>Formulating economic policies and scarce r...
<ul><li>It does not give the correct pictures of the working of the economy . </li></ul><ul><li>It does not provide soluti...
MACRO ECONOMICS  :
Meaning  : <ul><li>Macro is been derived from the Greek word “ MAKROS ”which means  LARGE . </li></ul><ul><li>Macro econom...
<ul><li>Prof. Boulding , “ Marco economics deals not only with individual quantities but with the aggregates of these quan...
Subject Matter  : <ul><li>It deals with total consumption, total savings , total investment , total output, total or natio...
Merits  : <ul><li>A bird’s eye-view of the entire economy . </li></ul><ul><li>Macro economic is more useful in solution to...
Limitations : <ul><li>The study of individual units becomes more useful than study of aggregates. </li></ul><ul><li>It is ...
Conclusion  : <ul><li>It is true that macro economic is more realistic and more useful than micro economic . but this is n...
THANK YOU ALL
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MANAGERIAL ECONOMICS

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  • Dear Mr.Vijay,
    Salams...

    I'm a student at the Bahcesehir University-MBA/1st semester in Turkey.I'm from Iraq/Kurdistan Region.

    Can you help me in finding the answers to the problems & questions found in the textbook of (Managerial Economics-ECONOMIC TOOLS FOR TODAY'S DECISION MAKERS 6th Edition by Paul.G.KEAT & Philip K.Y.Young/Published by Pearson Education International.

    My email is both:
    bayarfakhri@yahoo.com
    bayarfakhri@xenofarma.com

    My Mobile in Turkey is +905454699513

    My 1st name is BAYAR.

    I will be more than happy & grateful if you can find for me such solutions from the (Test Bank) I tried so much but I couldn't find them in internet.

    I need especially Chapetrs 2,3,4,5,6 & 7 if they are available.

    Hope that we can meet each other one day in kurdistan/North of Iraq.

    Thank you in advance,

    Can I have your personal email or Skype too to continue our communications about the MBA programs & what to do?

    Kindest regards,

    Sincerely yours,
    Bayar Mohammed.
    2013.Dec.27
       Reply 
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  • MANAGERIAL ECONOMICS

    1. 1. DEPARTMENT OF RESEARCH & MANAGEMENT PRESENTATION BY : Mr. Vijay Rathod M.B.A 1 st SEM. ROLL no: 51
    2. 2. WELCOME TO WORLD
    3. 3. MANAGERIAL ECONOMICS
    4. 4. TOPIC <ul><li>MICRO ECONOMICS </li></ul><ul><li>MACRO ECONOMICS </li></ul>
    5. 5. MICRO ECONOMICS :
    6. 6. Meaning : <ul><li>Micro has been derived from GREEK word “ MIKROS ”which mean small . </li></ul><ul><li>It is a study of the individual units of economic system . </li></ul><ul><li>In other words a small part of economy & not the whole economy . </li></ul>
    7. 7. DEFINATION : <ul><li>Prof. Mac cannel , “micro economics is a study of the specific economic units and a detailed consideration of the behavior of these individual units ” . </li></ul><ul><li>Prof.Boulding , “micro economics seeks to explain the working of individuals,firms,households,individual prices,wages,particular industries ” . </li></ul>
    8. 8. Subject-matter : <ul><li>It deals with determination of product prices and factor of prices . </li></ul><ul><li>In short , it is concerned with the determination of prices like theory of production,theory of rent,wages.Interest,profit & economic welfare . </li></ul><ul><li>It also known as PRICE THEORY . </li></ul>
    9. 9. Merits : <ul><li>A worm’s eye view of a small specific unit. </li></ul><ul><li>Formulating economic policies and scarce resources of the country. </li></ul><ul><li>Achieve maximum output with minimum costs. </li></ul><ul><li>It is helpful for macro economic studies. </li></ul>
    10. 10. <ul><li>It does not give the correct pictures of the working of the economy . </li></ul><ul><li>It does not provide solution to certain economic problems . </li></ul><ul><li>The area of study covered by it is limited . </li></ul><ul><li>It cannot be abruptly applied to the study of macro economic problems . </li></ul>Limitations :
    11. 11. MACRO ECONOMICS :
    12. 12. Meaning : <ul><li>Macro is been derived from the Greek word “ MAKROS ”which means LARGE . </li></ul><ul><li>Macro economic is the study of large part of the economy i.E.,The whole economy. </li></ul><ul><li>The study of economic behaviour of the economy as a whole & not the individual economic units of the economy. </li></ul>
    13. 13. <ul><li>Prof. Boulding , “ Marco economics deals not only with individual quantities but with the aggregates of these quantities , not with the individual incomes , but with national income , not with individual prices , but with prices level , not with individual outputs but with the national output ” . </li></ul>DEFINATION :
    14. 14. Subject Matter : <ul><li>It deals with total consumption, total savings , total investment , total output, total or national income, inflation & deflation economic growth, etc. </li></ul><ul><li>In other words it is concerned with the analysis of income & employment in the economy as a whole . </li></ul><ul><li>Theory of income & employment . </li></ul>
    15. 15. Merits : <ul><li>A bird’s eye-view of the entire economy . </li></ul><ul><li>Macro economic is more useful in solution to economy problems. </li></ul><ul><li>It is quite helpful in formulation of GOVT. Economic policies. </li></ul><ul><li>Study of macro economic is useful to micro economic studies. </li></ul>
    16. 16. Limitations : <ul><li>The study of individual units becomes more useful than study of aggregates. </li></ul><ul><li>It is useful for for develop countries for solving their problems but less useful or undeveloped country. </li></ul><ul><li>It studies the economy in general or in detail . </li></ul>
    17. 17. Conclusion : <ul><li>It is true that macro economic is more realistic and more useful than micro economic . but this is not that micro economic should be given up . in fact both cannot adequately explain working of economic system . </li></ul><ul><li>Both the approaches are inter-related inter-dependent & complementary to each other . </li></ul><ul><li>Both are necessary for a perfect study of economics. </li></ul>
    18. 18. THANK YOU ALL
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